Sae Dong Co. Ltd. (KOSDAQ:A053060) announced a private placement of series 5 bearer owned coupon private equity convertible bonds for gross proceeds of KRW 1,000,000,000 on February 26, 2020. The transaction will include participation from new investors, Joo Hwan Park for KRW 300,000,000, Sung Kyung Lee for KRW 400,000,000, and Injun Jung for KRW 300,000,000. The company will issue bonds at par. The bonds carry fixed interest rate of 2% per annum and a yield to maturity of 5%. The bonds will mature on March 3, 2025. The bonds are redeemable and carry hold period of one year from the date of issuance. The bonds are convertible into 1,237,623 common shares of the company at a fixed conversion price of KRW 808 per share from March 3, 2021 to February 3, 2025. The payment date is March 3, 2020. The transaction has been approved by the board of directors of the company.