YoungWoo DSP Co., Ltd. (KOSDAQ:A143540) announced a private placement of series 4 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 7,600,000,000 on April 30, 2019. The transaction involves participation from Hyundai Venture Investment Corp. for KRW 2,000,000,000, Eugene Investment & Securities Co., Ltd. (KOSE:A001200) for KRW 1,200,000,000, Shinhan Investment Corp.

for KRW 1,000,000,000, DB Financial Investment Co., Ltd. (KOSE:A016610) for KRW 1,000,000,000, Sansoo Ventures Inc for KRW 1,000,000,000, Iron Asset Co., Ltd. for KRW 500,000,000 and individual investors Dongik Kim for KRW 500,000,000, Sungkyung Lee for KRW 200,000,000 and Injun Jung for KRW 200,000,000. The bonds carry a coupon rate of 1% and yield to maturity of 4%. The bonds will mature on May 3, 2022.

The bonds are fully convertible at a price of KRW 1,270 per share. The company will issue 5,984,251 shares for 16.54% of the authorized stock . The conversion period starts on May 3, 2022 and ends on April 3, 2022.

The subscription date and payment date is May 3, 2019. The transaction has been approved by the board of directors of the company.