SG Corporation (KOSE:A004060) announced a private placement of episode 7 bearer bond-free private bond for gross proceeds of KRW 10,500,000,000 on March 9, 2020. The transaction will include participation from NH Investment & Securities Co., Ltd., Investment Arm for KRW 3,400,000,000, Samsung Securities Co. Ltd., Investment Arm for 1,600,000,000, KB Securities Co., Ltd., Investment Arm for KRW 500,000,000, IBK Financial Group Synergy Ivy Mezzanine New Technology Association for KRW 2,000,000,000, KEB Hana Bank, Investment Arm for KRW 500,000,000, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 500,000,000, Shinhan Investment Corp., Investment Arm for 1,000,000,000, Seoul Investment Growth Industry Venture Association for KRW 1,000,000,000. The bond carry coupon rate of 0% and have yield to maturity of 3%. The bonds are redeemable and will mature on March 11, 2025. The bonds will be 100% converted into 6,194,690 common shares representing 14.43% of the total shares of the company at a fixed conversion price of KRW 1,695 per share. The conversion period is from March 11, 2021 to February 11, 2025. The payment date of the transaction is March 11, 2020. The transaction has been approved by the board of directors of the company. The securities issued in the transaction are subject to a lock up period of one year.