KANGWON B&E Co., Ltd. (KOSE:A114190) announced a private placement of series no. 1 bonds and warrants for gross proceeds of KRW 6,000,000,000 on March 12, 2012. The bonds will carry a coupon rate of 1%, yield to maturity of 4% and will mature on March 14, 2015. The warrants will be detachable and exercisable into new common shares at KRW 6,626 per share. The warrants will have an exercise period from March 14, 2013 to February 14, 2015. The subscription date and payment date is March 14, 2012.