WINPAC Inc. (KOSDAQ:A097800) announced a private placement of 5th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,500,000,000 on August 14, 2017. The transaction will include participation from Sensona Inc. for KRW 1,500,000,000, and one individual investor, Dal-Su Kim for KRW 3,000,000,000. The bonds will be issued at par and will carry a coupon of 4.6%. The bonds have a yield to maturity of 4.6% and would mature on August 17, 2021. The bonds are fully convertible into 2,013,422 shares of the company at a fixed conversion price of KRW 2,235 between the period of August 17, 2018 to July 17, 2021. The subscription and the payment date is August 17, 2017. The transaction has been approved by the board of directors of the company.