On April 2, 2018 Duckshin Housing Co., Ltd. (KOSDAQ:A090410) closed the transaction. The bonds will be issued at par, and yield to maturity of 1%. The bonds will not carry any coupon.

The bonds will mature on April 2, 2023 and are 100% convertible into 5,274,261 common shares at a conversion price of KRW 1,896 per share at a conversion ratio of 11.63%, from April 2, 2019 to March 2, 2023. The transaction will include participation from