DST Co., Ltd. (KOSDAQ:A033430) announced a private placement of 12th bearer no warranty privately held convertible bonds for gross proceeds of KRW 1,550,000,000 on March 23, 2021. The transaction will include participation from Merchant Savings Bank Co., Ltd. The bonds bear an interest rate of 8% and yield to maturity of 5%. The bonds will mature on March 23, 2024 and are 100% convertible into 4,189,189 common shares at a conversion price of KRW 370. The transaction has been approved by board of directors of the company. The securities issued will be subject to hold period of one year from issuance.