Bohae Brewery Co. Ltd. (KOSE:A000890) announced a private placement of 54th unregistered unsecured coupon private convertible bonds for gross proceeds for KRW 30,000,000,000 on August 12, 2014. The bonds will be issued at par.

The bonds will have yield to maturity of 3%, zero annual coupon rate, and will mature on August 13, 2018. The bonds will have lump-sum redemption of principal on maturity date. The bonds are convertible into common shares of the company at a fixed conversion price of KRW 1,165 per share.

The conversion period is from August 13, 2015 to July 13, 2018. KTB Mezzanine Private Investment Trust, SBI Savings Bank Inc., Investment Arm, and Eugene investment & Securities Co., Ltd., Investment Arm each will subscribe bonds for KRW 5,000,000,000, KRW 5,000,000,000, and KRW 6,000,000,000. The round will include participation from other investors.