SG Co.,Ltd (KOSDAQ:A255220) announced a private placement of series 12 unregistered non-guaranteed private convertible bonds for gross proceeds of KRW 16,500,000,000 on January 15, 2021. The transaction will include participation from A1 Fund 1 for KRW 200,000,000, A1 Fund 2 for KRW 100,000,000, A1 Fund 3 for KRW 1,200,000,000, A1 Fund 4 for KRW 500,000,000, Shinhan Financial Investment Co., Ltd. for KRW 1,000,000,000, Skywalk Fund for KRW 500,000,000, Atman Fund for KRW 1,000,000,000, GVA Fund 1 for KRW 2,000,000,000, GVA Fund 2 for KRW 1,000,000,000, Brain Fund for KRW 500,000,000, Darum Fund for KRW 1,500,000,000, SUSUNG Fund 1 for KRW 2,000,000,000, SUSUNG Fund 2 for KRW 1,000,000,000, Shinyoung Fund for KRW 1,000,000,000, Surim Asset Management Co., Ltd. for KRW 1,700,000,000, Gaus Fund for KRW 500,000,000, Korea Alternative Fund for KRW 500,000,000, and Optimum Fund for KRW 300,000,000. The bonds are redeemable, will be issued at par, will carry zero coupon rate, 1% yield to maturity rate, will mature on January 19, 2026, and are fully convertible into 7,649,513 shares, representing 17.24% stake in the company, at a fixed conversion price of KRW 2,157 per share, from January 19, 2022 to December 19, 2025. The transaction has been approved by the board of directors of the company, and is expected to close on January 19, 2021.