Tway Holdings Incorporation announced a private placement of 25th coupon unguaranteed unsecured private convertible bonds for gross proceeds of KRW 6,500,000,000 on March 23, 2022. The bonds will be issued at its par value. The bonds will mature on March 25, 2025.

The bonds are redeemable in lump-sum on the maturity date. The bonds are 100% convertible at KRW 728 per share from March 25, 2023 to February 25, 2025. The transaction is expected to close on March 25, 2022.