Korea Materials & Analysis Corp. (KOSDAQ:A043290) announced a private placement of first unregistered coupon unguaranteed and unsecured private convertible bonds for gross proceeds of KRW 15,000,000,000 on November 9, 2016. The transaction will involve participation from existing investor HB Technology Co., Ltd. (KOSDAQ:A078150), new investors Eugene investment & Securities Co., Ltd., Investment Arm, and BNK Securities Co., Ltd., Investment Arm.

The investors will participate for KRW 2,000,000,000, KRW 12,000,000,000, and KRW 1,000,000,000 respectively. The bonds will have no coupon rate and will mature on November 11, 2021. The bonds will have yield to maturity of 1%.

The bonds will be convertible into common shares of the company at a fixed conversion price of KRW 18,700 per share.