Home Center Holdings Co., Ltd. (KOSDAQ:A060560) announced private placement of third series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 25 billion on March 22, 2017. New investors IBK Capital Corporation will invest KRW 1 billion, KDB Capital Corp. will invest KRW 3 billion, Mirae Asset Daewoo Co.Ltd, Investment Arm will invest KRW 2 billion, Hanyang Securities Co. Ltd., Investment Arm will invest KRW 5 billion, Synergy Partners Co., Ltd. will invest KRW 4.4 billon, GB Synergy Mezzanine Private Fund Investment Trust will invest KRW 4.4 billion, Yurie Synergy Mezzanine Private Fund will invest KRW 1.2 billion, NH Absolutely Return Hedge Fund 1 will invest KRW 5 billion, and NH Absolutely Return Hedge Fund 1 will invest KRW 3 billion in the transaction. The bonds will mature on March 24, 2020. The bonds will not bear any coupon rate and yield to maturity. The bonds are 100% convertible into 5,799,118 shares of the company at a fixed conversion price of KRW 4,311 per share from March 24, 2018 till February 24, 2020. The subscription date and payment date is March 24, 2017. The transaction has been approved by the board of directors.