IS DongSeo Co., Ltd. (KOSE:A010780) announced a private placement of round 30, unregistered unsecured private convertible bonds for gross proceeds of KRW 40,000,000,000 on April 29, 2014. The transaction will include participation from new investors, KTB Asset Management Co. will invest KRW 10,000,000,000 through KTB mezzanine private security investment trust, SBI Savings Bank Inc. will invest KRW 10,000,000,000, Aju Savings Bank will invest KRW 4,500,000,000, and other new investors.

The bonds have coupon rate of 1% and yield to maturity of 4% and will mature on April 30, 2017. The bonds are convertible into registered common shares of the company at conversion price of KRW 22,913 per share. The conversion period will start on April 30, 2015 and end on March 30, 2017.

The subscription date and payment date is April 30, 2014. The bonds have prohibition of denomination and merger for 1 year. The transaction was approved by board of directors of the company.