FarmStory Co., Ltd. (KOSDAQ:A027710) announced a private placement of 16th registered/unsecured private convertible bonds for gross proceeds of KRW 20,000,000,000 on October 22, 2014. The transaction will include participation from KDBC-EN Agro Private Equity Fund. The bonds are convertible into common shares at conversion price of KRW 1,581 per share. The bonds will mature on October 24, 2019. The yield to maturity and annual coupon rate for the bonds is 4% and 1% respectively and the bonds have lump-sum redemption of principal on maturity date. The conversion period of bonds is from October 24, 2015 to September 24, 2019.


On October 24, 2014, FarmStory Co., Ltd. closed the transaction.