Daesung Industrial Co., Ltd. (KOSE:A128820) announced a private placement of 69th unregistered unguaranteed private exchangeable bonds for gross proceeds of KRW 5,000,000,000 on June 14, 2018. The transaction will include participation from Kiwoom Securities Co., Ltd. (KOSE:A039490) for KRW 2,000,000,000, NH Absolute Return Hedge Fund 1 for KRW 1,000,000,000, NH Absolute Pre IPO Mezzanine Hedge Fund 1 for KRW 500,000,000, GVA Fortress-A Hedge Fund trust for KRW 1,000,000,000, C Square Mezzanine Plus Hedge Fund 4 for KRW 250,000,000, and C Square Mezzanine Plus Hedge Fund 11 for KRW 250,000,000. The bonds will mature on June 15, 2021.

The bonds are zero-coupon and carry yield to maturity of 3%. The bonds will be 100% exchangeable into the common shares at KRW 7,180 per share. The exchange requisition period will start on June 18, 2018 and end on May 15, 2021.

The subscription and payment date is June 15, 2018. The transaction was approved by board of directors of the company.