Redwoods Co., Ltd. (XKON:A266170) announced a private placement of 4th series unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 720,000,000 on July 30, 2018. The bonds will issue at par value. The transaction will include participation from Artemis Investment Advisory Co., Ltd. The bond will issue at 6% coupon rate, 6% yield to maturity and will mature on July 31, 2023. The bonds can be 100% converted into 149,532 common shares for ratio of 6.72% of the company at a fixed conversion price of KRW 4,815 per share. The conversion period is from July 31, 2019 to June 30, 2023. The transaction has been approved by the board of directors of the company. The transaction is expected to close on July 31, 2018.