DST Robot Co., Ltd. (KOSDAQ:A090710) announced a private placement of 5th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on January 20, 2017. The transaction will include participation from existing investors Beijing Linksun Technology Co., Ltd. and Lead Dragon Limited for KRW 2,000,000,000 and KRW 3,000,000,000 respectively. The bonds will mature on February 14, 2020. The bonds carry a fixed annual coupon of 2% and yield to maturity of 4%. The bonds are fully convertible into 1,103,022 common shares of the company at a fixed conversion price of KRW 4,533 per conversion share between the periods of February 14, 2018 to February 13, 2020. The subscription date is January 20, 2017 and the payment date is February 14, 2017. The transaction has been approved by the board of directors of the company.