Daiyang Metal Co., Ltd. (KOSE:A009190) announced that it will issue series 17 unregistered non-guaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on May 13, 2020. The bonds will be issued at par. The transaction will include participation from Link Co., Ltd. for KRW 5,000,000,000, Global H.S. for KRW 2,000,000,000, Asem Mezzanine Plus Private Investment Trust No. 1 for KRW 1,300,000,000, Income Ease Co., Ltd. for KRW 300,000,000, Robbery for KRW 100,000,000, individual investors Kyobeom Kim for KRW 300,000,000, Dongjun Kim for KRW 100,000,000, Mikyung Kim for KRW 100,000,000, Sungwon Moon for KRW 300,000,000, Dooyoung Ham for KRW 300,000,000, and Kim Woong-il for KRW 200,000,000. The bonds will bear fixed interest rate of 2% per annum. The bonds will mature on May 28, 2023. The bonds are fully convertible into 3,717,472 common shares at a fixed conversion price of KRW 2,690 per share from May 28, 2021 to April 27, 2023. The date of subscription is May 13, 2020 and expected date of payment is May 28, 2020. The transaction is approved by the board of directors of the company.