Leed Corp. (KOSDAQ:A197210) announced a private placement of 3rd series unregistered unsecured private convertible bonds for gross proceeds of KRW 4,500,000,000 on June 29, 2017. The transaction will include participation from KB Investment & Securities Co., Ltd. The bonds will be issued at par and carry a coupon of 5%. The bonds have yield to maturity of 5% and would mature on June 30, 2019. The bonds will be fully convertible into 2,299,438 shares of the company at a fixed conversion price of KRW 1,957 per share between the periods of June 30, 2018 to May 30, 2019. The subscription date and the expected payment date of the transaction is June 30, 2017. The transaction has been approved by the board of directors of the company.