Telefield Inc. (KOSDAQ:A091440) announced a private placement of first unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 7,000,000,000 on October 17, 2016. The transaction will include participation from new investors Synergy Partners Co., Ltd. for KRW 5,500,000,000 and Golden Bridge Asset Management Co., Ltd. for KRW 1,500,000,000. The bonds bear zero coupon and yield to maturity of 1% per annum. The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 4,672 per share. The bonds will mature on October 19, 2021. The conversion period will start on October 19, 2017 and will end on September 19, 2021. The bonds will be issued at par. The subscription and payment date is October 19, 2016. The board of directors of the company approved the transaction.