DK-Lok Corporation (KOSDAQ:A105740) announced a private placement of second unregistered unsecured private convertible bonds for gross proceeds of KRW 2,000,000,000 on September 25, 2014. The transaction will include participation from Kiwoom Investment Co., Ltd. The debentures have lump-sum redemption of principal on maturity date, zero coupon rate, yield to maturity of 1%, and will mature on September 26, 2019. The debentures are 100% convertible into registered common shares of the company at conversion price of KRW 7,560 per share. The debentures will be convertible into DK Tech Corporation registered common stock. The subscription date for the bonds is expected on the same date. The conversion period will start on from September 27, 2015 and end on September 25, 2019. The payment date is expected on September 26, 2014.

On September 26, 2014, DK-Lok Corporation closed the transaction.