Design Co.Ltd (KOSDAQ:A227100) announced a private placement of 2nd series unregistered coupon unguaranteed private convertible bonds for gross proceed of KRW 6,000,000,000 on June 12, 2019. The transaction will include participation from MegaMD Co., Ltd. (KOSDAQ:A133750) for KRW 400,000,000, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 2,000,000,000, Korea Investment & Securities Co., Ltd for KRW 1,000,000,000, Atman KOSDAQ Venture Hedge Fund 1 for KRW 500,000,000, Gwanyoon Co., Ltd for KRW 300,000,000, Jacumen Investment Limited for KRW 300,000,000, AHI Investment & Securities Co., Ltd for KRW 200,000,000, Value System Apolon KONEX High Yield Hedge Fund for KRW 100,000,000, Shinhan Financial Investment Co., Ltd for KRW 500,000,000, Korea Investment & Securities Co., Ltd for KRW 200,000,000, and AHI Investment & Securities Co., Ltd for KRW 500,000,000. The company will issue bonds at par.

The bonds carry zero coupon rate and yield to maturity of zero. The bonds will mature on June 14, 2024. The bonds are convertible into 609,818 common shares of the company at a fixed conversion price of KRW 9,839 per share from June 14, 2020 to May 14, 2024.

The subscription date is June 14, 2019 and the payment date is June 14, 2019. The transaction has been approved by the board of directors of the company.