Shinsung E&G Co.,Ltd. (KOSE:A011930) announced a private placement of 32nd series Unregistered coupon unguaranteed Exchangeable bonds for gross proceeds of KRW 10,000,000,000 on June 21, 2017. The transaction include participation from Trust dealer of Value System Mezzanine V-1 Private Investment Hedge Fund managed by Korea Investment & Securities Co., Ltd. for KRW 5,000,000,000, Trust dealer of Value System Chunjiyeon Private Investment Hedge Fund managed by Samsung Securities Co. Ltd. for KWR 2,000,000,000, ValueSystem Investment Management for KRW 1,000,000,000, Shinhan Investment Corp.

for KRW 1,000,000,000 and The Square & Company, LLC. for KRW 1,000,000,000. The bonds are zero coupon bond and has yield to maturity of 5%.

The maturity date of June 26, 2020 and the conversion period starts from June 27, 2017 to June 23, 2020. The payment date is June 26, 2017. The bonds will be convertible into 4,750,593 shares of the company at a fixed conversion price of KRW 2,105 per share.