Bohae Brewery Co., Ltd. (KOSE:A000890) announced a private placement of series 55th unregistered unguaranteed private convertible bonds for gross proceeds of KRW 26,000,000,000 on April 25, 2018. The transaction will involve participation from NH Investment & Securities Co., Ltd., Investment Arm for KRW 6,000,000,000, Murim capital corporation for KRW 5,000,000,000, Mirae Asset Treatment Corporation for KRW 3,000,000,000, and Korea Securities Finance Corporation, Investment Arm for KRW 3,000,000,000. The bonds will carry no coupon rate and will mature on April 27, 2023.

The bonds will be fully convertible into 21,996,615 shares of the company at a conversion price of KRW 1,182 from April 27, 2019 to March 27, 2023. The transaction is expected to close on April 27, 2018. The transaction was approved by the board of directors of the company.