Truwin Company Limited (KOSDAQ:A105550) announced a private placement of 10th convertible bonds for gross proceeds of KRW 7,000,000,000 on March 3, 2020. The bonds have a coupon rate of 1% per annum and yield to maturity of 3% per annum. The bonds will mature on March 3, 2023. The bonds are convertible into 1,586,582 common shares representing 11.70% stake at a fixed conversion price of KRW 4,412 per share. The conversion period is from March 4, 2021 to February 4, 2023. The transaction will include participation from Jiseong Network Co,.Ltd. The transaction has been approved by the board of directors of the company.