SBW, Inc. (KOSE:A102280) announced a private placement of round 9 unregistered non-guaranteed private convertible bonds for gross proceeds of KRW 4,500,000,000 on April 2, 2020. The transaction will include participation from MiraeING.Co.,Ltd. The bonds are fully convertible into 5,184,331 common shares of the company at conversion price of KRW 868 per share which represents 3.72% of the stake in the company. The conversion period starts at April 3, 2021 and ends at March 3, 2023.

The maturity date of bonds is April 3, 2023. The payment date of the transaction is April 3, 2020. The subscription date is April 2, 2020.

The bonds will carry an interest rate and coupon rate of 2% in the transaction. The transaction has been approved by the board of directors of the company.