The Sports Seoul Co., Ltd. (KOSDAQ:A039670) announced that it has completed a private placement of 22th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 4,000,000,000 on January 15, 2018. The bonds will be issued on par. The bonds will mature on January 15, 2021. The bonds are fully convertible into 3,369,564 shares at a fixed conversion price of KRW 1,840 between January 15, 2019 and January 15, 2020. The bonds will carry a coupon and yield to maturity of 2%. The transaction included participation from Hudson Henge PE Co., Ltd. for KRW 3,000,000,000, Ltd. and existing investor Soul Investment Co.,Ltd. for KRW 1,000,000,000. The transaction was approved by the board of directors.