Sunny Electronics Corp. (KOSE:A004770) announced a private placement of sixth unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on June 18, 2018. The bonds will be issued at its par value. The bonds will mature on June 19, 2023. The bonds carry a yield to maturity of 2.0% and annual coupon of 0%. The bonds can be converted into common shares of the company at 100% conversion rate at a fixed conversion price of KRW 2,755 per share and a conversion period from June 19, 2018 to May 19, 2023. The transaction will involve participation from NH Investment & Securities Co., Ltd., Investment Arm for KRW 3,000,000,000, NH Absolute Return Specialty Investment Type Private Investment Trust No. 1, a fund managed by KB securities corporation for KRW 1,000,000,000, NH Absolute Pre IPO Mezzanine Hedge Fund 1, a fund managed by Samsung Securities Co. Ltd. corporation for KRW 500,000,000, Ace Venture Capital Fund No. 3 for KRW 1,500,000,000, Ace Susung Venture Capital Fund No. 4 for KRW 1,000,000,000, C Square Mezzanine Plus Hedge Fund 4 , a fund managed by NH Investment & Securities Co., Ltd., Investment Arm for KRW 400,000,000, C Square TF Gangnam Mezzanine Plus Hedge Fund 1, a fund managed by NH Investment & Securities Co., Ltd. corporation for KRW 400,000,000, C Square Mezzanine Plus Hedge Fund 11, a fund managed by NH Investment & Securities Co., Ltd., Investment Arm for KRW 300,000,000, C Square Venture Investment Hedge Fund 2, a fund managed by Korea Investment & Securities Co., Ltd., Investment Arm for KRW 800,000,000, C Square Venture Investment Hedge Fund 4, a fund managed by Korea Investment & Securities Co., Ltd., Investment Arm for KRW 800,000,000, and C Square Venture Investment Hedge Fund 6, a fund managed by Mirae Asset treatment corporation for KRW 300,000,000. The transaction has been approved by the board of directors of the company.