U-Tech Co., Ltd. (KOSDAQ:A178780) announced a private placement of 11th series unregistered coupon unguaranteed private equity convertible bonds for proceeds of KRW 3,000,000,000 and 12th series unregistered interest-free private convertible bonds for proceeds of KRW 2,000,000,000 for aggregate gross proceeds of KRW 5,000,000,000 on September 6, 2019. The transaction will include participation from new investor, Daehyun st co.,ltd. The bonds will be issued at par. The bonds will carry a coupon rate of 1% and Maturity interest rate of 4%. The 11th series bonds will mature on September 11, 2022 and 12th series bonds on October 4, 2022. The 11th series bonds will be fully convertible into 1,635,768 shares of the company at a fixed conversion price of KRW 1,834 between the period of September 11, 2020 to August 11, 2022. The 12th series bonds will be fully convertible into 1,090,512 shares at a fixed conversion price of KRW 1,834 between the period of October 4, 2020 to September 4, 2022. The payment date is September 11, 2019. The transaction has been approved by the board of directors of the company. The transaction is expected to close on October 4, 2019. The securities issued are subject to a hold period of one year.