S&P World Ltd. (KOSDAQ:A263920) announced a private placement of series two unregistered coupon unguaranteed private convertible bonds with JKL Partners Inc. for gross proceeds of KRW 50,000,000,000 on March 12, 2019. The bonds will carry fixed interest rate of 4% per annum and yield to maturity of 5%. The bond will mature on May 9, 2022. The bonds will be 100% convertible into 3,194,888 common shares of the company at a fixed conversion price of KRW 15,650 per share from May 10, 2020 to April 9, 2022. The subscription date is today. The payment date is May 9, 2019. The board of directors of the company approved the transaction. The bonds will be issued at its par value.