Moorim Paper Co., Ltd. (KOSE:A009200) announced a private placement of series 74 unregistered coupon unguaranteed private placement exchangeable bonds for gross proceeds of KRW 15,000,000,000 on December 11, 2015. The bonds will carry a coupon of 1.5% and have a yield to maturity of 3%. The bonds will mature on December 15, 2020. The bonds will be fully convertible into common shares of the company at a price of KRW 8,100 per share.
On December 14, 2017, the company announced that the shares will now be convertible at a price of KRW 7,290 per share.

On the same date, the company announced a private placement of series 74-2nd unregistered coupon unguaranteed private placement exchangeable bonds for gross proceeds of KRW 13,020,000,000. The bonds will be fully convertible into common shares of the company at a price of KRW 8,100 per share.

On December 14, 2017, the company announced that the shares will now be convertible at a price of KRW 7,290 per share.