STCube, Inc. (KOSDAQ:A052020) announced a private placement of fourth unregistered/unsecured private convertible bonds with Hanyang Securities Co. Ltd., Investment Arm for gross proceeds of KRW 5,000,000,000 on January 14, 2016. The bonds will be issued at par.

The bonds will mature on January 15, 2019. The bonds bear an interest at a fixed rate of 1% per annum and yield to maturity of 3.5% per annum. The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 4,859 per share.

The conversion period is from January 15, 2017 to December 15, 2018. The subscription and payment date for the transaction is January 15, 2016. The transaction has been approved by the company's board of directors.