SHINWON Construction co.,Ltd. (KOSDAQ:A017000) announced a private placement of bonds for gross proceeds of KRW 39,000 million on October 4, 2016. The company will issue 45th unregistered/unsecured private convertible bonds for KRW 9,000 million, 42nd unregistered/unsecured private convertible bonds for KRW 10,000 million, 44th unregistered/unsecured coupon unguaranteed private convertible bonds for KRW 10,000 million, and 43rd unregistered/unsecured private convertible bonds for KRW 10,000 million. The 42nd, 43rd, 44th, and 45th unregistered/unsecured private convertible bonds will be issued at par to Growth & Value Development Co., Ltd. The 42nd, 43rd, and 45th bonds carry a fixed coupon of 2% and yield to maturity of 4%. The 42nd, 43rd, 44th, and 45th bonds can be fully converted into common shares of the company at a fixed conversion price of KRW 8,077 per share from November 25, 2017 to October 25, 2019, November 30, 2017 to October 30, 2019, December 8, 2017 to November 8, 2019, and December 15, 2017 to November 15, 2019 respectively. The subscription date for 43rd and 44th bonds is October 4, 2016. The payment date of the 42nd bonds, 43rd bonds, 44th bonds, and 45th bonds is November 25, 2016, November 30, 2016, December 8, 2016, and December 15, 2016. The 42nd bonds will mature on November 25, 2019, 44th bonds will mature on December 8, 2019, and the 45th bonds will mature on December 15, 2019. The board of directors of the company has approved the transaction.