KD Construction Co., Ltd (KOSDAQ:A044180) announced a private placement of 3rd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on December 7, 2017. The transaction will include participation from KD City Construction Co.,Ltd. The bonds will be issued at par and will carry a coupon of 12%. The bonds will have yield to maturity of 12% and would mature on December 11, 2020. The bonds will be fully convertible into 62,111,801 shares of the company at a fixed conversion price of KRW 161 between the period of December 11, 2018 to November 11, 2020. The securities are restricted for a period of one year. The subscription and the payment date is December 7, 2017 and December 11, 2017. The transaction has been approved at the board of directors of the company.