Aplus Asset Advisor Co. Ltd. announced a private placement of first unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,000,000,000 on May 20, 2016. The bonds will be issued at par. The bonds carry fixed coupon rate of 1.5% and yield to maturity of 4% per annum. The bonds mature on May 24, 2021. The bonds are 100% convertible at KRW 8,620 per share from May 24, 2017 to April 24, 2021. The transaction has been approved by board of directors of the company. The subscription and payment date is May 24, 2016.