G-Smatt Global Co., Ltd. (KOSDAQ:A114570) announced a private placement of 8th series unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 30,000,000,000 on September 19, 2018. The transaction will include participation from new investors Shinhan Union Fund 1, Trinity CO., LTD., and Kims UBQ Consortium for proceeds of KRW 10,000,000,000 each. The bonds are issued at par and will mature on November 9, 2021. The bond carries coupon rate of 0% and yield to maturity of 2%. The bonds are fully convertible into 2,515,090 common shares of the company at a conversion price of KRW 11,928 from November 9, 2019 to October 9, 2021. The subscription date is September 19, 2018 and payment date is November 9, 2018. The transaction has been approved by the board of directors of the company.