ED Co., Ltd. (KOSDAQ:A033110) announced a private placement of 18th series domestic unregistered unguaranteed private convertible bond for gross proceeds of KRW 1,000,000,000 on October 19, 2018. The transaction included participation from Brand New Company LLC. The bonds are issued at par and will mature on October 19, 2021. The bonds carry coupon rate of 2% and yield to maturity of 4%. The bonds are fully convertible into 1,453,488 common shares of the company at a conversion price of KRW 688 per share. The conversion period starts on October 19, 2019 and ends on September 19, 2021. The payment date and subscription date is October 19, 2018. The transaction has been approved by the board of directors of the company.