Cubes, Inc. (KOSDAQ:A065560) announced a private placement of 11th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 25,000,000,000 on May 23, 2017. The bonds will mature on June 16, 2020. The bonds carry a fixed coupon rate of 2% and yield to maturity of 4%.

The bonds are fully convertible into common shares of the company at a fixed conversion price of KRW 6,885 per share.