Finetek Co., Ltd. (KOSDAQ:A131760) announced a private placement of first unregistered/unsecured non-detachable private bonds for gross proceeds of KRW 18,200,000,000 on August 2, 2016. The bonds will mature on August 9, 2019. The bonds will have yield to maturity of 4% and will carry zero coupon with lump-sum redemption of principal on maturity date. The company will also issue warrants in the transaction. The warrants will be 100% exercisable into common shares of the company at KRW 6,858 per share from August 9, 2017 to July 9, 2019. The subscription date is August 4, 2016 and payment date is August 9, 2016. The transaction will include participation from new investors Synergy Partners Co., Ltd. for KRW 3,500,000,000, Ryukyung PSG Mezzanine Plus Private Fund for KRW 5,000,000,000, Seong Min Kim for KRW 3,200,000,000, GB Synergy Mezzanine PF Bond K-5, K-6, K-7, K-8, HNW-2 [balanced bond] and GB Synergy Total Mezzanine Private Fund E-1, funds managed by Golden Bridge Asset Management Co., Ltd. and Korea Securities Finance Corporation for KRW 1,300,000,000, and GB Synergy Mezzanine Specialty Investment Private Fund K-1, K-2, K-3, K-4 [balanced bond] and GB Synergy Total Mezzanine Specialty Investment Private Fund K-1, K-2, S-1, funds managed by Golden Bridge Asset Management Co., Ltd. and Korea Securities Finance Corporation for KRW 5,200,000,000. The transaction has been approved by the board of directors of the company.