DST Co., Ltd. (KOSDAQ:A033430) announced a private placement of its 10th series unregistered unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on September 9, 2019. The transaction will include participation from KB Kookmin Bank for KRW 5,000,000,000. The bonds bear a coupon rate of 2% and a yield to maturity of 7%. They are 100% convertible into 6,587,615 shares of the company at KRW 759 per share. The bonds will mature on September 11, 2022. The conversion period of the bonds start from September 11, 2020 until August 10, 2022. The transaction is expected to closed on September 11, 2019. The transaction has been approved by the board of directors of the company.