Fine DNC Co., Ltd. (KOSDAQ:A049120) announced a private placement of series three and series four unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 7,600,000,000 and KRW 6,000,000 respectively. The transaction will include participation from GVA Saber-G Hedge Fund, GVA Saber-V Hedge Fund, GVA Saber-V Hedge Fund for the proceeds of KRW 1,600,000,000, GVA Saber-E Hedge Fund, GVA Fortress-V Hedge Fund for the proceeds of KRW 400,000,000, NH Absolute Return Hedge Fund 1 for the proceeds of KRW 1,000,000,000, Hands Partners Limited Company for the proceeds of KRW 1,400,000,000, KTB Mezzanine Public Stock High Yield SH-4, KTB Mezzanine Private Investment Trust for the proceeds of KRW 1,400,000,000 and Shinhan Investment Corp for the proceeds of KRW 600,000,000 to subscribe for the bonds issued pursuant to series three bonds and Hanyang Securities Co. Ltd. (KOSE:A001750) for the proceeds of KRW 6,000,000,000 pursuant to series four bonds issued by the company.

The bonds will mature on August 30, 2022. The bonds do not carry any interest rate and have a yield to maturity of 1.5% per annum. The shares are 100% convertible into 2,544,359 common shares and 2,008,704 common shares at a price of KRW 2,987 per share by conversion of series three and series four bonds respectively.

The conversion will start from August 30, 2018 and will end on July 30, 2022. The transaction is expected to close on August 30, 2017. The transaction has been approved by the board of directors of the company.