KD Construction Co., Ltd (KOSDAQ:A044180) announced a private placement of second unregistered unguaranteed and unsecured private convertible bonds for gross proceeds of KRW 3,000,000,000 on November 9, 2016. The transaction involved investment from new investor Sejong Mutual Savings Bank Co.,Ltd., Investment Arm. The bonds have a fixed coupon rate of 5% per annum and will mature on November 9, 2019. The bonds have yield to maturity of 5%. The bonds will be convertible into common shares of the company at a fixed conversion price of KRW 219 per share.