DST Co., Ltd. (KOSDAQ:A033430) announced a private placement of 13th bearer no warranty privately held convertible bonds for gross proceeds of KRW 1,700,000,000 on March 30, 2021. The transaction included participation from Sanremo Corporation, individual investors Hwang Sun-woo, Kwak Sang-eun and Kwak Hee-seok. The bonds bear an interest rate of 6% and yield to maturity of 6%. The bonds will mature on March 30, 2024 and are 100% convertible into 4,594,594 common shares at a conversion price of KRW 370. The transaction has been approved by board of directors of the company. The conversion period will start from March 30, 2022 to March 29, 2024.