Moda Inc. (KOSDAQ:A149940) announced a private placement of 10th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 14,000,000,000 from SK Fund 1 on July 25, 2018. The bonds are issued at 4% coupon rate, 4% yield to maturity and will mature on July 25, 2021. The bonds can be 100% converted into 1,727,755 common shares for 7.59% stake of the company at a fixed conversion price of KRW 8,103 per share. The conversion period is from July 25, 2019 to June 25, 2021. The transaction has been approved by the board of directors of the company.