DuChemBio Co., Ltd. announced a private placement of round five unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 3,000,000,000 on July 27, 2015. The bonds will be issued at its par value. The transaction will include participation from M Venture Healthcare Investment Fund.

The bonds will carry a fixed coupon rate and a yield to maturity at 3% per annum each. The bonds will mature on July 28, 2018. The bonds are fully convertible into registered common shares at a conversion price of KRW 19,500 per share.

The conversion period of the bonds will be from July 28, 2016 to June 28, 2018. The payment date for the shares is expected on July 28, 2015. The transaction was approved by the board of directors of the company.