Wooree ETI Co., Ltd. (KOSDAQ:A082850) announced a private placement of third unregistered unsecured private convertible bonds for gross proceeds of KRW 10,000,000,000 on June 2, 2015. The bonds will be issued at par. The bonds will mature on June 8, 2020, with lump-sum redemption of principal on maturity date for the bonds, and yield to maturity of 3% and coupon rate of 1%.

The bonds will be convertible into common shares of the company at a rate of 100% and at a fixed conversion price of KRW 2,585 per share for a conversion period starting from June 8, 2016 to May 8, 2020. The transaction will include participation from a new investor, Synergy Partners Co., Ltd. The subscription date for the transaction is June 4, 2015 and the payment date is June 8, 2015. The transaction has been approved by the board of directors of the company.