Daewoo Electronic Components Co.,Ltd. (KOSE:A009320) announced a private placement of its 44th unsecured coupon private convertible bonds for gross proceeds of KRW 2,000,000,000 on March 18, 2014. The round will include participation from KDB Private Equity. The bonds carry a coupon rate of 2%, will have a yield to maturity of 4.65%, and mature on March 20, 2017.

The bonds will have lump-sum redemption of principal on maturity date. The interest will be paid in a gap of three months starting on June 20, 2014. The bonds are 100% convertible into shares of the company at KRW 983 per share.

The conversion period of the bonds will be from March 20, 2015 till March 13, 2017. The subscription date for the transaction will be March 19, 2014 and the payment date will be March 20, 2014. The transaction was approved at the board of directors of the company.