Telcon Co., Ltd. (KOSDAQ:A200230) announced a private placement of 11th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 3,000,000,000 on March 14, 2018. The transaction will include participation from new investor Yeouido Investment Consulting. The bonds will bear fixed interest at a rate of 6% per annum with yield to maturity of 6%. The bonds are 100% convertible into 216,606 common shares of the company at a fixed conversion price of KRW 13,850 per share. The conversion period of the bonds will be from March 14, 2019 to February 14, 2021. The bonds will mature on March 14, 2021. The subscription date is March 14, 2018 and payment date is March 14, 2018. The board of directors of the company has approved the transaction.