Tway Holdings Incorporation (KOSE:A004870) announced a private placement of 23rd unregistered coupon unguaranteed unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on March 11, 2016. The transaction will include participation from Sejong Mutual Savings Bank Co.,Ltd. The bonds will be issued at its par value. The bonds will mature on March 14, 2021, will carry yield to maturity of 3% and annual coupon of 3%. The bonds are redeemable in lump-sum on the maturity date. The bonds are 100% convertible at KRW 6,725 per share from March 14, 2017 to February 14, 2021.

On March 03, 2017, the company will now convert 2,92,652 shares at a price of KRW 1,682 per share.