YoungWoo DSP Co., Ltd. (KOSDAQ:A143540) announced a private placement of 3rd unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 18,000,000,000 on April 25, 2017. The transaction will involve participation from Hanyang Securities Co. Ltd., Investment Arm, existing investors KB Intellectual Property Investment Fund, a fund managed by KB Investment Co., Ltd., G.N.TECH Master Secondary Investment Fund, a fund managed by G.N.TECH Venture Capital Co., Ltd., Woori Growth Partnership New Technology PEF, a fund managed by Korea Investment Partners Co. Ltd. The bonds will not carry any coupon and would mature on April 27, 2022. The bonds are fully convertible into 1,659,904 common shares at a fixed conversion price of KRW 10,844 per share between April 27, 2018 and March 27, 2022. The bonds will be issued at par. The payment date of the transaction is April 27, 2017. The transaction has been approved by the board of directors of the company.