KD Construction Co., Ltd (KOSDAQ:A044180) announced a private placement of series 4 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 9,000,000,000 on February 15, 2019. The transaction includes participation from existing investor KD City Construction Co.,Ltd. The bonds will have a coupon rate of 15%, yield to maturity of 15%, maturity date of February 20, 2022, will be 100% convertible into 84,112,149 registered common shares of the company, which represents 21.69% of the total number of shares, at price of KRW 107 per share, for a period from February 20, 2020 to January 20, 2022. The company expects to close the transaction on February 20, 2019. The transaction has been approved by the board of directors of the company.