Oceanbridge Co., Ltd (KOSDAQ:A241790) announced a private placement of 3rd series unregistered coupon unguaranteed, and unsecured private convertible bonds for gross proceeds of KRW 7,000,000,000 and 4th series unregistered, unguaranteed and unsecured private convertible bonds for gross proceeds of KRW 500,000,000 for total proceeds of KRW 7,500,000,000 on March 31, 2017. The bonds will mature on April 3, 2020 and will be issued at par. The bonds do not carry any annual coupon and have yield to maturity of 1.5%. The bonds are fully convertible at 100% conversion rate into common shares of the company at a fixed conversion price of KRW 10,250 per share from March 31, 2017 to April 3, 2017. The fourth series bond will by Mirae Asset Securities Co., Ltd., Investment Arm which will invest through its fund DS Bok Hedge Fund. The 3rd series bonds will be subscribed by Fund 5, Fund 6, and Fund 7 for KRW 500,000,000, KRW 500,000,000, and KRW 6,000,000,000 respectively.