PLAYWITH Inc. (KOSDAQ:A023770) announced that it will issue 15th unregistered coupon non-guaranteed private convertible bonds of KRW 10,000,000,000 on July 4, 2019. The transaction included participation from Widwin Investment Co., Ltd.. The bonds carry a zero coupon rate of interest. The bonds will mature on July 19, 2022. The bonds are 100% convertible into 413,838 shares at conversion price of KRW 24,164 per share which represents 9.78% stake in the company. The conversion period starts at July 19, 2020 and ends at July 19, 2022. The transaction is expected to close on July 19, 2019. The transaction has been approved by the board of directors of the company.