Barunson Co.,Ltd. (KOSDAQ:A018700) announced a private placement of 30th unregistered unsecured unguaranteed private convertible bonds for gross proceeds of KRW 1,500,000,000 on September 25, 2015. The bonds will be issued at par. The bonds will mature on October 1, 2018.

The bonds will have yield to maturity of 5% per annum and will not bear any coupon rate. The bonds will be 100% convertible into common shares at a fixed conversion price of KRW 2,425 per share. The conversion period will start from October 1, 2016 and will end on September 1, 2018.

The bonds will be redeemed at lump sum on the maturity date. The transaction will include participation from seven new investors including, Young-Joon Joo for KRW 400,000,000, Ho-Won Park for KRW 300,000,000, and Triple Asset Plus Co., Ltd. for KRW 300,000,000. The subscription date and the payment date for the transaction is October 1, 2015.

The transaction has been approved by the board of directors of the company.