Samkang M&T Co., Ltd (KOSDAQ:A100090) announced a private placement of 2nd round unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 20,500,000,000 on January 26, 2017. The transaction included participation from Synergy Partners Co., Ltd. for KRW 3,600,000,000, Susung Asset Management Co., Ltd. for KRW 2,000,000,000, Hands Partners Limited Company for KRW 1,500,000,000, Shinhan Investment Corp. for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. for KRW 1,000,000,000, Yurie Synergy Mezzanine Private Fund for KRW 1,400,000,000, Lime Saturn Hedge Fund 1 and Lime Martini Hedge Fund 4 for KRW 2,300,000,000, Lime Pluto -FI Hedge Fund 1 for KRW 1,700,000,000, Susung Multi-Asset Private Investment Trust for KRW 1,000,000,000, Focus Super Rich Private Securities Investment Trust 1, Focus Noblesse Private Securities Investment Trust 1 and Focus High Value prof Private Securities Investment Trust 1 for KRW 1,000,000,000, C Square Mezzanine Plus Specialty PEF 2 for KRW 800,000,000, C Square Mezzanine Plus Specialty PEF 3 for KRW 400,000,000, C Square Mezzanine Plus Specialty PEF 4 for KRW 300,000,000, C Square Mezzanine Plus Specialty PEF 5 for KRW 200,000,000, and C Square Mezzanine Plus Specialty PEF 6 for KRW 300,000,000.

The zero coupon bonds carry yield to maturity of 1.5%. The bonds have maturity date of January 31, 2022. The bonds are 100% convertible into 3,420,086 common shares of the company at a conversion price of KRW 5,994 per share for a period from January 31, 2018 to December 31, 2021.