Daewon Cable. Co., Ltd. (KOSE:A006340) announced a private placement of round 24 unregistered coupon unguaranteed private convertible bonds for the gross proceeds of KRW 3,000,000,000 on July 19, 2019. The transaction will include participation from individual investor Jeongseok Seo. The bonds carry coupon rate of zero and yield to maturity of 4%. The bonds will mature on July 23, 2024. The subscription and payment date for the bonds are July 23, 2019. The bonds will be fullly convertible into 2,291,825 common shares at an conversion price of KRW 1,309 per share from July 23, 2020 to June 23, 2024. The company has received approval from the board of directors.