Kodaco Co., Ltd announced a private placement of 11th unregistered coupon private convertible bonds for gross proceeds of KRW 6,000,000,000 on May 12, 2017. The transaction will include participation from new investor, T.S 2015-9 Growth Strategy M&A Investment Fund, a fund managed by T.S. Investment Corporation (KOSDAQ:A246690). The bonds will be issued at par value.

The bonds will have yield to maturity of 2% and a zero coupon rate. The bonds will be 100% convertible into 1,728,110 common shares at a fixed conversion price of KRW 3,472 per share. The conversion period will start from May 15, 2018 and will end on April 15, 2022.

The transaction is expected to close on May 15, 2017. The bonds will mature on May 15, 2022.