Willings Co., Ltd. announced a private placement of Unregistered coupon unguaranteed private convertible bond for the gross proceeds of KRW 10,000,000,000. The bond is converted into common shares at a conversion value of 11,300 per share. The bond carry a coupon rate of 2% and maturity rate of 7%.

The date of maturity is August 29, 2025. The deal is expected to close on August 29, 2022.