Fourth-Link Inc. (KOSDAQ:A056730) announced a private placement of 20th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 30,000,000,000 and 16,429,353 shares at a price of KRW 1,826 per share for gross proceeds of KRW 29,999,998,578; for an aggregate gross proceeds of KRW 59,999,998,578 with new investor Core Value Turnaround Private Equity Fund on November 23, 2018. The bonds are fully convertible into common shares of the company at a fixed conversion price of KRW 2,148 from February 14, 2020 to January 14, 2022. The bonds will be issued at par. The bonds have a fixed coupon rate of 4%, yield to maturity of 4%, and will mature on February 14, 2022. The shares will be issued through third party allotment method and are subject to a hold period of 1 year. The transaction was approved by the board of directors of the company. The transaction is expected to close on February 14, 2019.