Woongjin Thinkbig Co., Ltd. (KOSE:A095720) announced a private placement of its 1st and 2nd series registered coupon unguaranteed private convertible bonds for gross proceeds of KRW 500,000,000,000 on March 14, 2019. The transaction will include participation from Korea Investment & Securities Co., Ltd., Investment Arm. Each of the bonds are of par value KRW 250,000,000,000 respectively and will carry a fixed coupon of 1%, yield to maturity of 7%, and will mature on March 22, 2027. The bonds have a conversion ratio of 100% and have a conversion price of KRW 3,840 per share. The 1st series bonds are convertible into 65,104,166 registered common stock and the 2nd series bonds are convertible into 65,104,166 registered convertible and redeemable preferred stock. The conversion period of bonds is from March 23, 2020 to March 21, 2027. The subscription date of both the securities is March 14, 2019 and payment date is March 22, 2019. The board of directors of the company has approved the transaction.