CIAAT Co., Ltd. (XKON:A103660) announced a private placement of 2,500,000,000 at a price of KRW 1 per share for the gross proceeds of KRW 2,500,000,000 from 2015 HB on September 26, 2019. The transaction will include participation from KB Securities Co., Ltd for KRW 2,500,000,000. The bonds have a yield to maturity rate of 4.3%. The bonds will mature on September 27, 2022. The bonds are 100% convertible into 5,000 shares starting from September 30, 2019 to September 20, 2022. The transaction has been approved by board of directors. The transaction is expected to close on September 27, 2019.