Fidelix Co., Ltd. (KOSDAQ:A032580) announced a private placement of 12th round unregistered unguaranteed private convertible bonds for gross proceeds of KRW 6,500,000,000 on June 16, 2017. The transaction included participation from BFAM Asian Opportunities Master Fund, LP, a fund managed by BFAM Partners (Hong Kong) Ltd for KRW 4,000,000,000, Yuanta Securities Korea Co., Ltd. (KOSE:A003470) for KRW 1,300,000,000 and HisStory Investment Management for KRW 1,200,000,000. The bonds carry coupon rate of 2% and yield to maturity of 4%.

The bonds have maturity date of June 20, 2020. The bonds are convertible into common shares of the company at a conversion price of KRW 2,325 for a period from June 20, 2018 to May 20, 2020. The conversion rate is 100%.