Fourth-Link Inc. (KOSDAQ:A056730) announced a private placement of 19th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 40,000,000,000 on November 8, 2018. The transaction will include participation from Yang, Sungil for KRW 1,750,000,000, Seok, Juhyung for KRW 1,000,000,000, Lee, Sangkwon for KRW 750,000,000, and another investor. The bonds carry a fixed coupon and yield to maturity of 3%. The bond would mature on November 9, 2021. The bond will be 100% convertible into 2,110,817 common shares for 4.57% stake of the company at a fixed conversion price of KRW 1,895 per share from November 9, 2019 to October 9, 2021. The transaction is expected to close on November 9, 2018. The transaction has been approved by the board of directors of the company.