DECO&E Co.,Ltd. (KOSDAQ:A017680) announced a private placement for 45th series unregistered unguaranteed private convertible bonds for gross proceeds of KRW 1,000,000,000 on August 3, 2018. The transaction included participation from Durban Partners Co., Ltd. for proceeds of KRW 1,000,000,000. The bonds are issued at par. The bonds will mature on August 3, 2021. The bonds carry coupon rate of 1% and yield-to-maturity of 3%. The bonds are fully convertible into commons shares of the company at a conversion price of KRW 985 per share from August 3, 2019 to July 3, 2021. Upon the conversion of bonds the company will issue 1,015,228 shares. The subscription date and payment date is August 3, 2018. The transaction has been approved by the board of directors of the company.