Biocorp Production announced that it will issue 2,500,000 convertible bonds at a price of €1 for gross proceeds of €2,500,000 on December 30, 2022. The 2,500,000 convertible bonds are issued for five years expiring on December 28, 2027. The convertible notes will have interest at an annual rate of 7.9% per annum.

This annual rate will be increased by a non-conversion premium which will be capitalized and equal to an additional interest of 0.1% The transaction will include participation from three funds managed by Vatel Capital SAS.