Modacom Co., Ltd. (KOSDAQ:A149940) ) announced a private placement of 8th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on October 25, 2016. The transaction will include participation from existing investor Daishin Asset Partners Co., Ltd. for KRW 3,000,000,000 and Taurus Investment & Securities Co., Ltd., Investment Arm for KRW 2,000,000,000. The bonds will bear a fixed coupon rate of 3% per annum and yield to maturity of 5% per annum. The bonds are convertible into common shares of the company at a fixed conversion price of KRW 10,881 per share. The bonds will be issued at par and will mature on October 27, 2019. The payment date of the transaction is October 27, 2016. The conversion period will start on October 27, 2017 and will end on September 27, 2019. The transaction has been approved by the board of directors of the company.