Daiyang Metal Co., Ltd. (KOSE:A009190) announced that it will issue series 18 non-guaranteed private equity convertible bonds with bearer type interest rate for gross proceeds of KRW 6,000,000,000 on June 10, 2021. The transaction will include participation from PH No.2 Association. The bonds will be issued at par. The bonds will bear surface interest rate of 0% per annum and maturity rate of 2% per annum. The bonds will mature on July 01, 2024. The bonds are fully convertible into 1,174,168 common shares representing 3.82% stake at a fixed conversion price of KRW 5,110 per share from July 01, 2022 to May 31, 2024. The date of subscription is June 14, 2021 and expected date of payment is July 01, 2021. The transaction is approved by the board of directors of the company.