PC Mechatronics Corporation (KOSE:A048770) announced a private placement of sixth unregistered private convertible bonds for gross proceeds of KRW 1,000,000,0000 on September 25, 2013. The bonds carry a coupon of 61% per annum and would mature on September 25, 2016. The bonds are convertible into registered common shares of the company at a conversion price of KRW 30,000 per share. The company received approval for the transaction from board of directors. The subscription period for conversion for the bonds is from September 25, 2014 to August 25, 2016. The yield to maturity of the bonds is 6.20%.

On September 25, 2013, PC Mechatronics Corporation closed the transaction.