Welcron Company Limited (KOSDAQ:A065950) announced a private placement of 9th series unregistered unsecured private convertible bonds for gross proceeds of KRW 8,000,000,000 on October 27, 2017. The transaction included participation from Shinhan Investment Corp., KB Securities Co., Ltd., Dongbu Securities Co., Ltd., Hanyang Securities Co. Ltd., Industrial Bank Of Korea, Midas Jeoktoma Multi-Strategy Hedge Fund 1 and NH Absolute Return Hedge Fund 1. The bonds carry yield to maturity of 2%.

The bonds have maturity date of October 30, 2022. The bonds are convertible into common shares of the company at a conversion price of KRW 3,003 for a period from October 30, 2018 to September 30, 2022.