Bosung Power Technology Co. Ltd. (KOSDAQ:A006910) announced a private placement of 12th registered coupon private convertible bonds for gross proceeds of KRW 6,000,000,000 on September 4, 2014. The bonds will mature on September 5, 2016.

The bonds will have an annual coupon of 3.5% per annum and yield to maturity of 5.5% with lump-sum redemption of principal on maturity date for the bonds. The bonds will have a 100% conversion rate and will be convertible into common shares at KRW 1,666 per share. The conversion period will be from September 5, 2015 to September 4, 2016.

The transaction will include participation from an existing investor, KDB Private Equity.