ED Co., Ltd. (KOSDAQ:A033110) announced a private placement of 19th series domestic unregistered and unguaranteed private convertible bonds for gross proceeds of KRW 2,300,000,000 on February 21, 2019. The transaction will involve participation from Bridge 2000 Co., Ltd. The bonds are issued at par and will mature on February 22, 2022. The bonds carry coupon rate of 2% and yield to maturity of 4%. The bonds are 100% convertible into 4,600,000 registered common stocks of the company representing 4.92% stock total number ratio at a conversion price of KRW 500 per share in between February 22, 2020 and January 22, 2022. The payment date and subscription date is February 22, 2019 and February 21, 2019 respectively. The transaction has been approved by the board of directors of the company.