Dayou Plus Co., Ltd. (KOSE:A000300) announced a private placement of fifth series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on May 17, 2018. The transaction will include participation from Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 2,000,000,000, Value System Private Investment Hedge Fund for KRW 1,000,000,000, Billion Fold Private Investment Hedge Fund for KRW 1,000,000,000, Midas Private Investment Hedge Fund for KRW 500,000,000, and KCLAVIS Investment for KRW 500,000,000. The company will issue bonds at par.

The bonds carry fixed interest rate and yield to maturity of 3%. The bonds will mature on May 21, 2023. The bonds are convertible at a fixed conversion price of KRW 1,226 per share from May 21, 2019 to April 21, 2023.

The payment date is May 21, 2018. The transaction has been approved by the board of directors of the company.