DMS Co., Ltd. (KOSDAQ:A068790) announced a private placement of 11th unregistered private convertible bonds for gross proceeds of KRW 6,000 million on October 23, 2014. The bonds will mature on October 24, 2017. The bonds will have yield to maturity of 5% per annum and coupon rate of 2% per annum.

The bonds will be 100% convertible into common shares at KRW 2,464 per share. The conversion period will start from October 24, 2015 and will end on October 23, 2017. The transaction will include participation from IBK Capital Corporation which will invest KRW 3,000 million and KDB Capital Corporation which will invest KRW 3,000 million.

The transaction is expected to have a payment date of October 24, 2014.