Daewon Media Co., Ltd. (KOSDAQ:A048910) announced a private placement of third unregistered/unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on September 18, 2014. The bonds will mature on September 19, 2019. The bonds will have yield to maturity of 5% per annum and coupon rate of 2% per annum.

The bonds will be 100% convertible into common shares at KRW 8,029 per share. The conversion period will start from September 21, 2015 and will end on September 9, 2019. The transaction will include participation from new investors SK Securities Co., Ltd. which will invest KRW 2,000,000,000 and Atinum Fast Growing Companies Investment Fund which will invest KRW 3,000,000,000.