Genesem Inc. (KOSDAQ:A217190) announced a private placement of third series unregistered unsecured unguaranteed convertible bonds for gross proceeds of KRW 5,000,000,000 on December 20, 2016. The transaction includes participation from new investors, Samsung Securities Co. Ltd. for KRW 2,000,000,000, Ace Susung New Technology Fund 1 for KRW 1,000,000,000, Susung Asset Management Co., Ltd. for KRW 500,000,000, Hyundai Securities Co., Ltd. for KRW 500,000,000, and Meritz Securities Co., Ltd. for KRW 1,000,000,000. The bonds carry zero coupon rate and yield to maturity of 2%. The bonds will be convertible at a fixed conversion price of KRW 5,346 per share. The conversion period will be from December 22, 2017 to November 22, 2021. The transaction has been approved by the board of directors of the company.