Danal Co., Ltd. (KOSDAQ:A064260) announced a private placement of 6th series unregistered and unguaranteed private convertible bonds for gross proceeds of KRW 15,000,000,000 on March 8, 2019. The transaction will include participation from NH Investment & Securities Co., Ltd., Investment Arm for KRW 2,700,000,000, Samsung Securities Co. Ltd., Investment Arm for KRW 2,800,000,000, KEB Hana Bank, Investment Arm for KRW 6,000,000,000, Industrial Bank of Korea, Investment Arm for KRW 2,000,000,000, BNK Securities Co., Ltd., Investment Arm for KRW 1,500,000,000. The bonds carry coupon rate of 0% and yield to maturity of 1%. The bonds have maturity date of March 12, 2023. The bonds are convertible into 4,026,845 common shares at a fixed conversion price of KRW 3,725 per share for a period from March 12, 2020 to February 12, 2023. The expected payment and subscription date is March 12, 2019. The transaction was approved by the board of directors of the company. The bonds will be issued at par.