Hanil Vacuum Co., Ltd. (KOSDAQ:A123840) announced a private placement of 5th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on January 24, 2017. The transaction will include participation from investors, NK Partners will invest KRW 3,000,000,000, and Hyundai Savings Bank Co., Ltd. will invest KRW 2,000,000,000. The transaction carry zero coupon rate and has yield to maturity of 3.2%. The 5th series unregistered and unsecured private convertible bonds will be 100% convertible into common shares at a conversion price of KRW 3,270 from January 25, 2018 to December 25, 2019. The 5th series unregistered and unsecured private convertible bonds will mature on January 25, 2020. The transaction has been approved by the board of directors of the company. The transaction will close on January 25, 2017.