Sewoo Global Co. Ltd. (KOSE:A013000) announced a private placement of 24th unregistered unguaranteed private convertible bonds for gross proceeds of KRW 7,000,000,000 on October 19, 2017. The transaction will include participation from Beak-Soon Ahn. The bonds do not carry any annual coupon and have yield to maturity of 3%. The bonds will mature on November 13, 2022. The bonds are fully convertible into 4,450,095 common shares of the company at a fixed conversion price of KRW 1,573 per conversion share from November 13, 2018 to October 13, 2022. The payment date of the transaction is November 13, 2017. The transaction has been subscribed for and has been approved by the board of directors of the company. On November 13, 2018, the company announced that the bonds will be fully convertible into 5,014,326 common shares of the company at a fixed conversion price of KRW 1,396 per conversion share from November 13, 2018 to October 13, 2022.