Dayou A-Tech Co.,Ltd (KOSE:A002880) announced a private placement of 16th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 25,000,000,000 on May 23, 2018. The transaction will involve participation from C&R No.2 SPC Limited. The bonds have a coupon rate of 1% and yield to maturity of 6%. The bonds will expire on May 25, 2023. The bonds are 100% convertible into common shares of the company at a price of KRW 1,444 from May 25, 2019 to May 24, 2023. The transaction will close on May 25, 2018. The transaction has been approved by the board of directors of the company.