Gentro Co Ltd. (KOSE:A083660) announced a private placement of convertible series no. 3 bonds and warrants for gross proceeds of KRW 1,400,000,000 on May 11, 2012. The bonds carry a coupon rate of 5.5% and will mature on May 15, 2015. The bonds carry a yield to maturity of 5.5%. The warrants to be issued will be exercisable at an exercise rate of 100% at an exercise price of KRW 2,564 per warrant. The bonds will be convertible into shares at KRW 2,564 per share from May 15, 2013 to April 15, 2015. On May 15, 2012, Gentro Co Ltd. closed the transaction.