S&P World Ltd. (KOSDAQ:A263920) announced a private placement of debentures and shares for gross proceeds of KRW 56,962,896,720 on November 1, 2018. The company will issue first unregistered coupon unguaranteed private convertible debentures with new investor PNMC Corporation for gross proceeds of KRW 50,000,000,000. The debentures will be issued at its par value. The debentures will mature on December 21, 2021. The debentures carries zero coupon and have yield to maturity of 5%. The debentures will be 100% convertible into 10,070,493 common shares of the company at a fixed conversion price of KRW 4,965 per share from December 22, 2019 to November 21, 2021 to hold 56.09% stake. The debentures are redeemable and carry put and call option. The company will issue 1,575,316 common shares to Y & K Investment Co., Ltd. at KRW 4,420 per share for gross proceeds of KRW 6,962,896,720. Each share to be issued will have a par value of KRW 500. Shares will be issued through third party allotment method. The payment date for debentures and shares is December 21, 2018. Shares to be issued will have a lock-up period of one year. The board of directors of the company approved the transaction.