International Display Solutions Co.,Ltd. (KOSDAQ:A078780) announced a private placement of ninth unregistered/unsecured private convertible bonds for gross proceeds of KRW 5,500,000,000 on December 22, 2014. The bonds will mature on December 24, 2017. The bonds will have an annual coupon of 0% and yield to maturity of 6% with lump-sum redemption of principal on maturity date for the bonds.

The bonds will have a 100% conversion rate and will be convertible into common shares at a fixed conversion price of KRW 500 per share. The conversion period will be from December 24, 2015 to November 24, 2017. The transaction will involve participation from Lumens Co., Ltd.