Duchem Bio Co., Ltd. announced a private placement of round four unregistered coupon unsecured private convertible bonds for gross proceeds of KRW 2,000,000,000 on March 12, 2015. The transaction will include participation from ES Free No. 1 Fund, Mega Investment Co., Ltd., and ASAM Investment Advisory Company Limited for KRW 1,000,000,000, KRW 500,000,000, and KRW 500,000,000 respectively.

The bonds will carry a coupon interest of 2% per annum and a yield to maturity of 5% per annum. The bonds will mature on March 18, 2018. The bonds are fully convertible into common shares of the company at a conversion price of KRW 15,000 per share.

The conversion period will commence on March 18, 2016 and end on February 18, 2018. The subscription date is expected on March 12, 2015 and the payment date is expected on March 18, 2015. The transaction was approved by the board of directors of the company.