Fourth-Link Inc. (KOSDAQ:A056730) announced a private placement of series 3 unregistered coupon unguaranteed private non-detachable bond with warrants for gross proceeds of KRW 40,000,000,000 with new investor Core Value Turnaround Private Equity Fund on November 23, 2018. The warrants are fully exercisable into common shares of the company at a fixed exercise price of KRW 2,148 from February 14, 2020 to January 14, 2022. The bonds will be issued at par. The bonds have a fixed coupon rate and yield to maturity of 4% and will mature on February 14, 2022. The transaction was approved by the board of directors of the company. The transaction is expected to close on February 14, 2019.