Heerim Architects & Planners Co., Ltd. (KOSDAQ:A037440) announced a private placement of third registered/unsecured private convertible bonds with KDB Private Equity for gross proceeds of KRW 10,000,000,000 on June 27, 2014. The notes will have a yield to maturity of 6.5% and will mature on June 30, 2017. The notes will have coupon rate of 1% per annum with lump-sum redemption of principal on maturity date. The bonds will have 100% conversion rate and will be convertible into common shares at KRW 5,582 per share with a conversion period from June 30, 2015 to June 23, 2017. The subscription date and payment date is June 30, 2014.

On June 30, 2014, Heerim Architects & Planners Co., Ltd. closed the transaction.