Interbulls Co., Ltd. (KOSDAQ:A158310) announced a private placement of series 11 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on July 8, 2019. The transaction will include participation from existing investor, Spirits Summit Co., Ltd. The bonds a fixed carry coupon of 4% and have a yield to maturity of 4%. The bonds will mature on July 23, 2024. The bonds are 100% convertible at fixed conversion price of KRW 2,723 per share into 7,344,840 shares. The conversion period will start on July 23, 2020 and will end on June 23, 2024. The subscription date is July 8, 2019 and payment date is July 23, 2019. The transaction has been approved by board of directors of the company.