Worldex Industry & Trading Co., Ltd. (KOSDAQ:A101160) announced a private placement of second unregistered unguaranteed unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on August 10, 2015. The zero coupon bonds will mature on August 11, 2018, with lump-sum redemption of principal on maturity date for the bonds, and yield to maturity of 4.5%. The bonds will be convertible into common shares of the company at a rate of 100% and at a fixed conversion price of KRW 2,540 per share for a conversion period starting from August 11, 2016 to July 11, 2018.

The transaction will include participation from new investors, IBK Financial Group IP Value-up Fund for KRW 2,000,000,000, Shinhan Capital, Investment Arm for KRW 1,500,000,000, and Korea Investment Capital Co,Ltd for KRW 1,500,000,000. The subscription date and the payment date for the transaction is August 11, 2015. The transaction has been approved by the board of directors of the company.