BDI CO., LTD. (KOSDAQ:A148140) announced a private placement of series 11 non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 20,000,000,000 and 12th Series Non-Guaranteed Private Convertible Bonds With Bearer Interest for gross proceeds of KRW 30,000,000,000; for aggregate proceeds of KRW 50,000,000,000 on March 15, 2021. The transaction will include participation from new investor, Beyond Asset Management Co., Ltd. The bonds will be issued at par and will carry coupon rate of 3%. The bonds have yield to maturity of 5% and series 11 bonds would mature on April 15, 2024 and series 12 bonds would mature on April 29, 2024. The series 11 bonds will be fully convertible into 2,169,668 shares and series 12 bonds will be fully convertible into 3,254,502 shares of the company at a fixed conversion price of KRW 9,218 from April 15, 2022 to March 15, 2024 and April 29, 2022 to March 29, 2024 respectively. The subscription date is March 15, 2021 and the payment dates are April 15, 2021 and April 29, 2021 respectively. The bonds to be issued are subject to hold period of one year. The transaction has been approved by the board of directors of the company.