PCL, Inc. (KOSDAQ:A241820) announced a private placement of 577,533 common shares at an issue price of KRW 6,926 for a gross proceeds of KRW 3,999,993,558 and series 1 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000; for an aggregate gross proceeds of KRW 9,999,993,558 on October 23, 2019. The transaction will include participation from Korea Investment Re-Up Fund, a fund managed by Korea Investment Partners Co. Ltd. The shares has a par value of KRW 500. The shares are issued at a premium. The bonds do not carry any coupon and have yield to maturity of 3%. The bonds will mature on October 25, 2024. The bonds will be issued at par. The bonds are fully convertible into 800,000 shares at a fixed conversion price of KRW 7,500 each starting from October 25, 2020 till October 18, 2024. The payment dates of bonds and shares are October 25, 2019 and October 31, 2019.