Gentro Co Ltd. (KOSE:A083660) announced a private placement of convertible series no. 3 bonds and warrants for gross proceeds of KRW 1,400,000,000 on May 11, 2012. The bonds carry a coupon rate of 5.5% and will mature on May 15, 2015. The bonds carry a yield to maturity of 5.5%. The warrants to be issued will be exercisable at an exercise rate of 100% at an exercise price of KRW 2,564 per warrant. The bonds will be convertible into shares at KRW 2,564 per share from May 15, 2013 to April 15, 2015.