Nuri Telecom Co. Ltd. (KOSE: A040160) announced a private placement of 3rd unregistered coupon unguaranteed private convertible bonds for gross proceeds of 10,000,000,000 on April 25, 2017. The transaction will include participation from new investors Shinhan Capital Co., Ltd., Shinhan Investment Corp., Investment Arm, eBest Investment Securities Co., Ltd., Investment Arm, Orion Capital Management, Time Fund 1, Time Fund 2, and Orion Mezzanine Multi-Strategy Hedge Fund 1 for 2,000,000,000, 2,000,000,000, 2,000,000,000, 1,000,000,000, 1,500,000,000, 500,000,000, and 1,000,000,000 respectively. The bonds will not carry any coupon and will mature on April 27, 2022. The bonds are fully convertible into 967,305 common shares at a fixed conversion price of KRW 10,338. The bonds will be convertible from April 27, 2018 to March 27, 2022. The subscription and payment date is April 27, 2017. The transaction has been approved by the board of directors of the company.