Peptron, Inc. (KOSDAQ:A087010) announced a private placement of round 9th unregistered coupon unguaranteed private convertible bonds with warrants for gross proceeds of KRW 25,500,000,000 on January 29, 2018. The transaction will included from Industrial Bank of Korea (KOSE:A024110). The bonds carry a coupon rate of 0.5% and have a yield to maturity of 2%.

The bond will mature on January 31, 2023. The bonds will be fully convertible into shares at a fixed conversion price of KRW 80,674 per share into 316,086 common shares at a conversion ratio of 4%, between January 31, 2019 and January 24, 2023. The transaction was approved by the board of directors of the company.