Jenax Inc. (KOSDAQ:A065620) announced a private placement of 4th unguaranteed private convertible bonds for gross proceeds of KRW 4,200,000,000 on August 14, 2017. The bonds will be issued to MUPYUNG INDUSTRY CO., LTD for KRW 3,630,000,000 and Igi Industry Co., Ltd. for KRW 570,000,000. The bonds will be issued at par. The bonds carry fixed coupon rate of 4% and yield to maturity of 6.5%. The bonds are 100% convertible into common shares at KRW 28,800 per share from August 16, 2018 to July 16, 2020. The bonds will mature on August 16, 2020. The subscription date of the bonds is August 16, 2017. The transaction is expected to be completed on August 16, 2017.