Biolog Device Co., Ltd. (KOSDAQ:A208710) announced that it will issue series 4 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 15,000,000,000 on May 3, 2021. The bonds will be issued at par. The transaction will include participation from Sangsangin Savings Bank, Investment Arm for KRW 5,000,000,000 and Sangsangin Plus Savings Bank, Investment Arm for KRW 10,000,000,000. The bonds will bear fixed interest rate of 2% per annum and interest rate to maturity of 5% per annum. The bonds will mature on May 6, 2024. The bonds are convertible into 4,860,661 common shares at a fixed conversion price of KRW 3,086 per share from May 6, 2022 to April 6, 2024. The date of subscription is May 3, 2021 and expected date of payment is May 6, 2021. The transaction is approved by the board of directors of the company.