Pusan Cast Iron Co., Ltd. (KOSE:A005030) announced a private placement of 5th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on March 13, 2018. The bonds carry a coupon rate of 3% and yield to maturity of 5%. The bonds will mature on March 14, 2021. The bonds are fully convertible into common shares of the company at a conversion price of KRW 1,677 per share