Woory Industrial Co., Ltd. (KOSDAQ:A215360) announced a private placement of 3rd series unregistered private convertible bonds for gross proceeds of KRW 10,000,000,000 and 2nd series unregistered private convertible bonds for gross proceeds of KRW 10,000,000 for gross proceeds of KRW 20,000,000,000 on November 15, 2017. The transaction will involve participation from Ibkc-Tongyang Growth 2013 Private Equity Fund for 3rd series bonds and Technology Financing PEF 1 for 2nd series bonds. The bonds will not carry any coupon. The 3rd series bonds will mature on November 17, 2047, while the 2nd series bonds will mature on November 17, 2046. The bonds will be issued on par. The 2nd and 3rd series bonds will be fully convertible into 282,262 shares of the company at a fixed conversion price of KRW 35,428 per share each between November 18, 2018 and November 17, 2047. The payment date for the transaction is November 17, 2017. The transaction has been approved by the board of directors of the company.