G-Smatt Global Co., Ltd. (KOSDAQ:A114570) announced a private placement of series 7 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,000,000,000 on April 11, 2018. The transaction will involve participation from Mirae Asset Daewoo Co., Ltd. (KOSE:A006800).The bonds issued in the transaction do not carry a coupon rate and have a yield to maturity of 2%. The bonds will mature on April 12, 2021.

The transaction is expected to close on April 12, 2018. The bonds issued in the transaction will be fully convertible into 308,024 shares of the company at a conversion price of KRW 12,986 from April 12, 2019 to March 12, 2021. The transaction has been approved by the board of directors of the company.