Y-Optics Manufacture Co., Ltd. (KOSDAQ:A066430) announced a private placement of and 19th unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on May 17, 2019. The transaction will include participation from PPAH Co., Ltd. The bond bears a coupon rate of 5% per annum and yield to maturity of 5%. The bonds will mature on May 31, 2022. The bonds are convertible into 1,239,157 common shares at a fixed conversion price of KRW 8,070 per share. The conversion period will start on May 31, 2020 and will end on April 30, 2022. The bonds will be issued at par. The payment date is May 31, 2019. The board of directors of the company approved the transaction.