Wisol Co., Ltd. (KOSDAQ:A122990) announced a private placement of second registered/unsecured private convertible bonds for gross proceeds of KRW 10,000,000,000 on December 23, 2014. The bonds are convertible into common shares at fixed conversion price of KRW 8,040 per share. The transaction will include participation from Hansing High Tech Investment Fund III, a fund managed by InterVest Co., Ltd. for KRW 7,000,000,000 and 2014 SV-Growth Ladder Gap Coverage Fund, a fund managed by existing investor, SV Investment Corp. for KRW 3,000,000,000. The bonds will mature on December 29, 2019. The yield to maturity and annual fixed coupon rate for the bonds is 3% and 1% respectively and the bonds have lump-sum redemption of principal on maturity date. The conversion period of bonds is from December 30, 2015 to November 29, 2019.

On December 29, 2014, Wisol Co., Ltd. closed the transaction.