Ecomaister Co., Ltd. (KOSDAQ:A064510) announced a private placement of 5th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 20,000,000,000 on May 7, 2018. The bonds carry no coupon of and yield to maturity of 1%. The bond would mature on May 9, 2022. The bonds are 100% convertible into 1,983,930 common shares of the company at a conversion price of KRW 10,081 per share. The conversion period is from May 9, 2019 to April 9, 2022. The transaction is expected to close on May 9, 2018.