GOC Co., Ltd. (XKON:A135160) announced a private placement of 8th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 3,000,000,000 on April 13, 2018. The transaction will involve participation from Samsung Securities Co.,Ltd. (KOSE:A016360) and KB Securities Co.,Ltd for KRW 1,500,000,000 each. The bonds carry yield to maturity of 1%.

The bonds are convertible into shares from April 16, 2019 to March 16, 2023 at a fixed conversion price of KRW 4,000 per conversion share. The maturity date of bonds is April 16, 2023. The transaction has been approved by the board of directors of the company.

The payment date is April 16, 2018.