DT&C.Co.,Ltd (KOSDAQ:A187220) announced a private placement of 2nd series unregistered unsecured coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on August 13, 2018. The round will include participation from new investor AJU Good Venture Fund, a fund managed by existing investor AJU IB INVESTMENT Co., Ltd. for KRW 7,000,000,000 and AJU Good Technology Finance Fund for KRW 3,000,000,000. The bonds do not carry any annual coupon and will have yield to maturity of 3% per annum.

The bonds will be 100% convertible into common shares of the company at a fixed conversion price of KRW 9,755 per share from August 27, 2019 to July 27, 2021. The bonds will be issued at par and will mature on August 27, 2021. The board of directors of the company approved the transaction.

The subscription date is August 16, 2018 and payment date is August 27, 2018.