Solueta Co., Ltd. (KOSDAQ:A154040)announced a private placement of second unregistered unsecured unguaranteed private convertible bonds for gross proceeds of KRW 32,000,000,000 on March 29, 2016. The bonds will mature on April 6, 2021. The bonds bear an interest at a fixed rate of 1% per annum and yield to maturity of 2.5% per annum.

The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 7,500 per share. The conversion period is from April 6, 2017 to April 5, 2021. The bonds will be issued at its par value.

CEPIT Holdings Limited Company, Presto PEF 4, and investment agent of KDB Company Growth Didimdol PEF each will subscribe bonds for KRW 8,000,000,000, KRW 12,000,000,000 and KRW 10,000,000,000 respectively. The round will include participation from another investor.