EQUISnZAROO CO.,LTD (KOSDAQ:A058530) announced a private placement of series 5 unregistered unsecured private convertible bonds for gross proceeds of KRW 1,500,000,000 on November 16, 2015. The bonds will be issued at its par value to new investor, Han Kook Capital Co. Ltd. The bonds will carry a fixed coupon rate of 2.9% per annum and a yield to maturity of 5.9%.

The bonds will mature on November 27, 2018. The bonds will be fully convertible into registered common stock at a fixed conversion price of KRW 3,615 per share. The conversion period will be from November 28, 2016 to October 26, 2018.

The bonds will be fully redeemed at the principal value on its maturity date. The payment date for the bonds is expected on November 27, 2015. The transaction was approved by the board of directors of the company.