BDI CO., LTD. (KOSDAQ:A148140) announced a private placement of 10th series unsecured non-separable private equity bonds for gross proceeds of KRW 20,000,000,000 on May 25, 2020. The transaction will include participation from returning investor, Ahn Seung Man, an executive of the company. The surface interest rate and interest rate is 3% per annum. The bonds will mature on July 15, 2023. The subscription date is May 25, 2020 and payment date is July 15, 2020. The bonds will be fully convertible into 1,271,940 shares of the company, which represents 12.93% stake of the company. The conversion price of KRW 15,724. The conversion period starts from July 15, 2021 to June 15, 2023. The transaction has been approved by the board of the company.