EXEM Co., Ltd. (KOSDAQ:A205100) announced a private placement of second unregistered unsecured unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on February 3, 2016. The bonds will be issued at par. The bonds will mature on February 5, 2021, with lump-sum redemption of principal on maturity date for the bonds.

The bonds will have a yield to maturity of 0%, and a coupon rate of 0% per annum. The bonds will be convertible into common shares of the company at a rate of 100% and at a fixed conversion price of KRW 4,181 per share from February 5, 2017 to February 4, 2021. The transaction ill include participation from a new investor, Atinum Fast Growing Companies Fund, a fund managed by Atinum Investment Co., Ltd. The transaction was approved by the board of directors of the company.

The subscription date and the payment date for the transaction is February 5, 2016.