T'Way Air Co., Ltd. (KOSE:A091810) announced a private placement of series one unregistered coupon non-guaranteed private convertible bonds for the gross proceeds of KRW 10,000,000,000 on May 21, 2020. The bonds will bear an interest rate of 4.50% and a surface interest rate of 1%. The bonds will mature on June 19, 2025. The bonds are 100% convertible into the 2,677,376 common shares of the company at a conversion value of KRW 3,735 for the equity ratio of 5.70%. The conversion period of bonds is from June 19, 2021 to May 19, 2015. The subscription and payment date is June 19, 2020. The bonds issued in the transaction will have a hold period of one year. The transaction will include participation from KDB. The transaction has been approved by the directors of the company.