Jaeyoung Solutec Co., Ltd. (KOSDAQ:A049630) announced a private placement of eighth domestic unregistered/unsecured unguaranteed private convertible bonds for gross proceeds of KRW 12,000,000,000 on August 13, 2015. The bonds will be issued at par. The bonds bear coupon at the fixed rate of 3% per annum and carry yield to maturity of 9% per annum.

The bonds are redeemable on its maturity, August 27, 2020. The bonds are 100% convertible into common shares at a fixed price of KRW 1,648 per share from August 27, 2016 to August 26, 2020. The transaction will include sole participation from KI Investment Limited.