DECO&E Co.,Ltd. (KOSDAQ:A017680) announced a private placement of 44th series of unregistered unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on August 3, 2018. The transaction will include participation from existing investor Starcamp202 for KRW 5,000,000,000. The bonds will be issued at par and will carry a fixed coupon of 6% per annum. The bonds have yield to maturity of 6% and would mature on August 6, 2021. The bonds will be fully convertible into 5,076,142 shares of the company at a fixed conversion price of KRW 985 per share from August 6, 2019 to July 6, 2021. The transaction has been approved by the board of directors of the company. The subscription date of bonds is August 3, 2018, and the payment date is August 6, 2018.