Modacom Co., Ltd. (KOSDAQ:A149940) ) announced a private placement of 9th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on July 26, 2017. The transaction will include participation from new investor KB Securities Co., Ltd. The bonds will be issued at par and will mature on July 27, 2020. The bonds will bear a fixed coupon rate of 6.5% per annum and yield to maturity of 6.5% per annum. The bonds are convertible into 2,059,096 common shares of the company at a fixed conversion price of KRW 9,713 per share. The subscription date of the transaction and payment date of the transaction is July 26, 2017 and July 27, 2017 respectively. The conversion period will start on July 27, 2018 and will end on June 27, 2020. The transaction has been approved by the board of directors of the company.