DE&T Co. Ltd. (KOSDAQ:A079810) announced a private placement of first unregistered/unsecured coupon private convertible bonds for gross proceeds of KRW 7,000,000,000 on January 6, 2016. The bonds will be issued at par.

The bonds carry coupon rate of 2% per annum and yield to maturity of 2%. The bonds are redeemable in lump-sum on its maturity, January 7, 2020. The bonds are convertible at fixed price of KRW 3,679 per share from January 7, 2017 to December 9, 2019.

The transaction will include participation from new investors, IBK Capital Corporation for KRW 4,000,000,000 and KDB Capital Corporation, Investment Arm for KRW 3,000,000,000. The subscription date and the payment date for the transaction is January 7, 2016.