WINPAC Inc. (KOSDAQ:A097800) announced a private placement of 6th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on April 3, 2019. The transaction will include participation from Shinhan Investment Corp for KRW 1,000,000,000, KB - Brain KOSDAQ Scale-up New Technology Fund for KRW 3,000,000,000, and other investors for KRW 2,000,000,000. The bonds will be issued at par and will carry a coupon of 1%. The bonds have a yield to maturity of 2% and would mature on April 5, 2022. The bonds are fully convertible into 4,457,652 shares of the company at a fixed conversion price of KRW 1,346 per share between the period of April 5, 2020 to March 5, 2021. The subscription and the payment date is April 5, 2019. The transaction has been approved by the board of directors of the company.