LVMC Holdings (KOSE:A900140) announced a private placement of its first round of foreign unregistered unguaranteed private convertible bond for gross proceeds of KRW 33,552,000,000 on November 9, 2018. The round was subscribed by existing investor Indochina Bank Limited. The bonds have a coupons rate of 2%, a yield to maturity of 7.5%, a maturity date of November 9, 2021, a conversion price of KRW 2,664 and 100% are convertible into shares of the company. The conversion period is from November 10, 2019 to October 9, 2021. The payment cum subscription date is on November 9, 2018. The transaction was approved by the board of directors of the company.