Hansung Enterprise Co.,Ltd (KOSE:A003680) announced a private placement of 3rd series domestic unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,500,000,000 on August 11, 2017. The transaction will include participation from Shinhan Investment Corp., Investment Arm for KRW 1,500,000,000, NH Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, Susung Asset Management Co., Ltd. for KRW 2,500,000,000. Susung Asset Management Co., Ltd will invest through its fund 1 and fund 2. Korea Investment & Securities Co., Ltd. will act as the trust agent for fund 1 and KB Securities Co., Ltd. act as trust agent for fund 2. The transaction will also involve investment from KB Securities Co., Ltd. Industrial Bank Of Korea will act as the trust company for KClavis Investment Advisory Co., Ltd. The bonds are issued at par and do not bear any interest. The bonds have a yield to maturity of 3% and would mature on August 16, 2020. The bonds are fully convertible into shares of the company at a fixed conversion price of KRW 7,320 between the period of August 16, 2018 to July 15, 2020. The subscription and the payment date is August 16, 2017. The transaction has been approved by the board of directors of the company.