DST Co., Ltd. (KOSDAQ:A033430) announced a private placement of its 11th series unregistered unguaranteed private convertible bonds for gross proceeds of KRW 1,500,000,000 on September 11, 2019. The transaction will include participation from Gahyeon Industry Co., Ltd. for KRW 1,500,000,000. The bonds bear a coupon rate of 6% and a yield to maturity of 6%. They are 100% convertible into 1,913,265 shares of the company at KRW 784 per share. The bonds will mature on September 16, 2022. The conversion period of the bonds start from September 16, 2020 until August 15, 2022. The transaction is expected to closed on September 16, 2019. The transaction has been approved by the board of directors of the company.