CS Corporation (KOSDAQ:A065770) announced a private placement of the fourth unregistered unguaranteed unsecured coupon private convertible bonds for gross proceeds of KRW 3,000,000,000 on May 16, 2016. The bonds will carry a yield to maturity of 2% and zero coupon rate. The bonds will mature on June 3, 2021 and lump-sum redemption of principal will take place on maturity date. There will be 100% conversion of bonds at a fixed conversion price of KRW 1,871 per share from June 3, 2017 to May 3, 2021. The bonds will be issued to HONGKONG BAI START CO., LIMITED. The subscription date is May 18, 2016 and payment date is June 3, 2016. The transaction has been approved by board of directors of the company.