PLA Co., Ltd. (KOSDAQ:A082390) announced a private placement of second unregistered unguaranteed private convertible bonds for gross proceeds of KRW 3,000,000,000, and 12,000,000 common shares at a price of KRW 1,000 per share for gross proceeds of KRW 12,000,000,000, for aggregate gross proceeds of KRW 15,000,000,000 on September 14, 2015. The transaction will include participation from new investors Han Kook Capital Co., Ltd. (KOSDAQ:A023760) for bonds and AR Rent Service Co., Ltd. for shares. The bonds will be issued at par, will mature on September 14, 2018, will carry a fixed annual coupon of 2%, with lump-sum redemption of principal on maturity date for the bonds, and yield to maturity of 5%. The bonds will be fully convertible into common shares of the company at a fixed conversion price of KRW 1,130 per share from September 14, 2016 to August 14, 2018. The company will issue shares through third party allotment method. All shares to be issued will be subject to a lock-up period of one year. The payment date for the bonds and common shares is September 14, 2015, and September 21, 2015, respectively. The board of directors of the company approved the transaction.

On the same date, the company issued bonds for gross proceeds of KRW 3,000,000,000 in its first tranche.