IS DongSeo Co., Ltd. (KOSE:A010780) announced a private placement of its 31st unregistered unsecured private convertible bonds for gross proceeds of KRW 33,000,000,000 on August 20, 2014. The bonds have a coupon rate of 0% and yield to maturity of 6.45% and will mature on August 28, 2017. The bonds are convertible into registered common shares of the company at conversion price of KRW 34,380 per share.

The conversion period will start on August 28, 2015 and end on July 28, 2017. The bonds will be subscribed by NH AJU IB SME Growth 2013 PEF, a fund managed by existing investor Aju Savings Bank, Investment Arm, and other investor KDB Private Equity. NH AJU IB SME Growth 2013 PEF will invest KRW 23,000,000,000 and KDB Asset Management Co., Ltd. will invest KRW 10,000,000,000 in the transaction.