Soltworks Co., Ltd. (KOSDAQ:A230980) announced that it will issue series 5 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on March 16, 2020. The bonds will be issued at par. The transaction will include participation from Korea Fixed-Income Investment Advisory. The bonds will bear fixed interest rate of 4% per annum. The bonds will mature on April 29, 2023. The bonds are convertible into 2,175,331 common shares at a fixed conversion price of KRW 4,597 per share from April 29, 2021 to March 29, 2023. The date of subscription is March 16, 2020 and expected date of payment is April 29, 2020. The transaction is approved by the board of directors of the company.