Truwin Company Limited (KOSDAQ:A105550) announced a private placement of series eighth unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on March 18, 2019. The bonds have an interest rate of 1% per annum and yield to maturity of 3% per annum. The bonds are issued at par and will mature on March 19, 2022. The bonds are 100% convertible into 1,066,856 common shares at a price of KRW 5,624 per share. The conversion period is from March 19, 2020 to February 19, 2022. The transaction will include participation from Iroom Investment Advisors Co., Ltd. for gross proceeds of KRW 1,000,000,000, Susung High Yield Public Stock N Multi-Asset Hedge Fund, Susung High Yield P1 Hedge Fund, Susung Multi-Mezzanine P4 Hedge Fund, Susung Multi-Mezzanine P Hedge Fund for the gross proceeds of KRW 3,000,000,000, Susung Multi-Mezzanine P Hedge Fund, GVA Fortress-V Hedge Fund, and GVA Saber-E Hedge Fund for the gross proceeds of KRW 1,150,000,000, and GVA KOSDAQ Venture Hedge Fund and GVA Saber-G Hedge Fund for the gross proceeds of KRW 850,000,000. The transaction has been approved by the board of directors of the company. The subscription date is on March 18, 2019 and payment date is on March 19, 2019.