High Tech Pharm Co.,Ltd. (KOSDAQ:A106190) announced a private placement of third registered private convertible bonds for gross proceeds of KRW 620,000,000 with new investor, Industrial Bank of Korea on November 7, 2014. The bonds will bear interest at a rate of 1% per annum with yield to maturity of 4.9%. The bonds will mature on May 7, 2018. The lump-sum amount will be payable at the time of redemption on the maturity date of the bonds. The bonds will be convertible into common shares at a price of KRW 50,000 per share with 100% conversion rate. The conversion period will start on November 7, 2015 and end on May 6, 2018.

On November 7, 2014, High Tech Pharm Co.,Ltd. closed the transaction.