Dong Won Fisheries Co., Ltd. (KOSE:A030720) announced a private placement of second unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on April 12, 2016. The bonds will mature on April 14, 2019, with lump-sum redemption of principal on maturity date. The bonds will have a yield to maturity of 5%, and a fixed coupon rate of 5% per annum.

The bonds will be convertible into common shares of the company at a rate of 100% and at a fixed conversion price of KRW 10,440 per share from April 14, 2017 to March 1, 2019. The transaction will include participation from ASAM Investment Advisory Company Limited for KRW 500,000,000, incomiz CO.LTD for KRW 300,000,000, Air & People Co., Ltd. for KRW 100,000,000, and other individual investors. The board of directors of the company approved the transaction.