LVMC Holdings (KOSE:A900140) announced that it will issue series 29 non-guaranteed private exchange bonds with bearer interest for gross proceeds of KRW 8,100,000,000 on April 20, 2021. The bonds will be issued at par. The transaction will include participation from Synergy Asset Management Co., Ltd. The bonds do not bear any interest and interest rate to maturity of 2% per annum. The bonds will mature on October 23, 2022. The bonds are exchangeable into 5,921,052 common shares of KR Motors Co., Ltd. at a fixed exchange price of KRW 1,368 per share from April 28, 2021 to December 30, 2021. The date of subscription and expected date of payment is April 23, 2021. The transaction is approved by the board of directors of the company.