PowerLogics Co., Ltd. (KOSDAQ:A047310) announced a private placement of second unregistered unguaranteed coupon private convertible bonds for gross proceeds of KRW 5,000,000,000 on May 17, 2016. The zero coupon bonds have maturity date of May 18, 2021 and yield to maturity of 1.5% per annum. The bonds will be issued at par. The transaction will include participation from The Export-Import Bank Of Korea, Investment Arm for KRW 3,000,000,000, Seungki Kim for KRW 1,500,000,000, and Byungmoon Heo for KRW 500,000,000.