Hanyang Hitao Co., Ltd. (KOSDAQ:A064090) announced a private placement of 15th unregistered unsecured unguaranteed coupon domestic private convertible bonds for gross proceeds of KRW 500,000,000 on January 31, 2016. The bonds will be issued at par. The zero coupon bonds will mature on February 1, 2019, with lump-sum redemption of principal on maturity date for the bonds, and yield to maturity of 2%.

The bonds will be convertible into common shares of the company at a rate of 100% and at a fixed conversion price of KRW 6,041 per share for a conversion period starting from February 1, 2017 to December 31, 2018. The transaction will include participation from a new investor, Seok-Ki Min.