BG T&A Co., Ltd. (KOSDAQ:A046310) announced a private placement of first series unregistered coupon unguaranteed and unsecured private convertible bonds for gross proceeds of KRW 7,000,000,000 on May 16, 2017. The transaction included participation from Shinhan Investment Corp. and other investors. The bonds do not carry any annual coupon and will mature on May 18, 2022. The bonds have yield to maturity of 1%. The bonds are convertible into common shares of the company at a conversion price of KRW 2,749 for a period from May 18, 2018 to April 18, 2022. The subscription and payment date is May 18, 2017. The transaction was approved by the board of directors.