DB Lightec Co., Ltd. (KOSDAQ:A045890) announced a private placement of 7th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 30,000,000,000 on February 12, 2019. The transaction will include participation from new investors Choeun Mutual Savings Bank, Investment Arm, for KRW 5,000,000,000 and SC Lowy Financial (HK) Limited, Investment Arm for KRW 25,000,000,000. The bonds are issued at 3% coupon rate payable quarterly and 3% yield to maturity. The maturity date of bonds is February 27, 2022. The bonds will be 100% convertible into 10,152,284 common shares of the company at a fixed conversion price of KRW 2,955 per share. The conversion period is from February 27, 2020 to February 27, 2022. The subscription and payment dates of bonds are February 14, 2019 and February 27, 2019 respectively. The transaction has been approved by board of directors of the company.