Sansung Life & Science Co.,Ltd. (KOSDAQ:A016100) announced a private placement of round two unregistered unsecured unguaranteed private convertible bonds and round three unregistered coupon unguaranteed non-detachable bonds with stock warrant for gross proceeds of KRW 16,000,000,000 on October 13, 2015. The bonds will be issued at par. The bonds will carry zero coupon rate and yield to maturity of 1%.

The bonds will mature on October 14, 2020. There will be 100% conversion of bonds at KRW 37,172 per share. The conversion period will start on October 14, 2016 and end on September 14, 2020.

The transaction will include participation from new investors including, Kiwoom Investment Co., Ltd. for KRW 4,000,000,000 of round two bonds and KRW 4,000,000,000 of round three bonds, NH Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000 of round two bonds and KRW 2,000,000,000 of round three boonds, Hanyang Securities Co. Ltd., Investment Arm for KRW 2,000,000,000 of round two bonds and KRW 1,000,000,000 of round three bonds. The subscription date and the payment date for the transaction is October 14, 2015.

The transaction has been approved by the board of directors of the company.