C.T.I. Traffic Industries Co., Ltd. (GTSM:2230) announced private placement of 1,500 first series secured convertible corporate bonds and 1,000 second series unsecured convertible corporate bonds at a price of TWD 100,000 per bond for gross proceeds of up to TWD 250,000,000 on November 5, 2015. The bonds will be issued at par. The bonds are zero coupon bonds and will mature in three years.