J way Co., Ltd. (KOSDAQ:A058420) announced a private placement of 2nd series unregistered coupon private convertible bonds for gross proceeds of KRW 2,000,000,000 on February 27, 2018. The transaction will include participation from new investor, Gemini Investment Corporation. The bonds are issued at par and will carry a coupon of 3% per annum. The bonds have yield to maturity of 5% and would mature on February 28, 2021. The bonds are fully convertible into 1,218,769 shares of the company at a fixed conversion price of KRW 1,641 per share between the period of February 28, 2019 to February 27, 2021. The subscription and the payment date is February 28, 2018. The transaction has been approved by the board of directors of the company.