Doosan Engine Co., Ltd. (KOSE:A082740) announced a private placement of 9th series unregistered and secured private convertible bonds for gross proceeds of KRW 45,000,000,000 on June 21, 2018. The bonds will mature on June 22, 2023. The bonds have a coupon rate of 5% and yield to maturity of 8%. The bonds will be fully convertible into 9,642,168 shares of the company at a fixed conversion price of KRW 4,667 per share between the period of June 22, 2019 to May 22, 2023. The subscription and payment date is June 22, 2018. The transaction has been approved by the board of directors of the company. The transaction included participation from Socius Well to Sea Investment 1st Company Financial Stability Private Joint Venture for gross proceeds of KRW 45,000,000,000.