Dongbu Lightec Co., Ltd. (KOSE:A045890) announced a private placement of fourth unregistered unsecured private first convertible bonds for proceeds of KRW 3,000,000,000 and fourth unregistered unsecured private second convertible bonds for proceeds of KRW 2,000,000,000 for aggregate gross proceeds of KRW 5,000,000,000 on June 15, 2015. The bonds will be issued at par. The bonds will mature on June 19, 2019, will carry a fixed annual coupon of 3%, with lump-sum redemption of principal on maturity date for the bonds, and yield to maturity of 3%.

The bonds will be convertible into common shares of the company at a rate of 100% and at a fixed conversion price of KRW 1,730 per share from June 19, 2016 to May 19, 2019. The first convertible bonds will be issued to Synergy Partners Co., Ltd. The second convertible bonds will be issued to Jae-Hyung Lee, Chief Executive Officer of the company for KRW 200,000,000, Young-Bae Gong, Officer of the company for KRW 150,000,000, Young-Chang Go, Officer of the company for KRW 150,000,000, and 35 other individual investors including employees of the company. The subscription date of second convertible bonds is June 15, 2015 and the payment date is June 19, 2015.

The transaction has been approved by the board of directors.