Hancom Secure Inc. (KOSDAQ:A054920) announced a private placement of 4th unregistered unguaranteed unsecured private exchangeable bonds for gross proceeds of KRW 5,000,000,000 on July 28, 2017. The transaction will involve participation from TIMEFOLIO Asset Management Co.,Ltd which will invest through Time Fund 1 and Time Fund 2 for proceeds of KRW 3,000,000,000 and KRW 2,000,000,000 respectively. The bonds will not carry any coupon and have a yield to maturity of 0%. The bonds will be fully convertible into 238,095 shares of the company at a price of KRW 21,000 per share between the period starting September 1, 2017 and ending July 1, 2022. The maturity date for the bonds is August 1, 2022. The subscription and payment date for the bonds is August 1, 2017. The transaction has been approved by the board of directors of the company.