Haesung Optics Co., Ltd. (KOSDAQ:A076610) announced a private placement of 4th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 20,000,000,000 on January 26, 2017. The transaction will include participation from IBK-SKS Private Equity Fund 2012 for KRW 5,000,000,000, Twosun-Pizzazz Private Equity Fund for KRW 5,000,000,000, KB Investment Co., Ltd. for KRW 1,500,000,000, KB Outstanding Tech Company Investment Fund for KRW 2,500,000,000, Woori Growth Partnership New Technology Private Fund for KRW 4,000,000,000, Korea Investment Promising Service Industry Investment Fund for 2,000,000,000. The bonds carry zero coupon rate and fixed yield to maturity of 2%. The bonds have maturity date of January 31, 2021. The bonds are convertible into registered common shares of the company at a conversion price of KRW 5,173 for a period from January 31, 2018 to December 31, 2020. The subscription and payment date for the bonds is January 26, 2017 and January 31, 2017 respectively. The transaction was approved by the board of directors.