DPECO Co.,Ltd. (XKON:A163430) announced a private placement of series 7th of non-guaranteed private convertible bonds for gross proceeds of KRW 3,000,000,000 on January 6, 2021. The transaction will involve participation from NH Investment & Securities Co., Ltd. (KOSE:A005940). The bonds have a coupon rate of 1% and interest rate to maturity of 4%.

The bond maturity date is January 8, 2025. The bonds are fully convertible into 675,675 shares at a conversion price of KRW 4,440 per share from January 8, 2022 and ends on December 8, 2024. The transaction was approved by the board of directors of the company.

The transaction is expected to close on January 8, 2021.