GenNBio Inc. (KOSDAQ:A072520) announced a private placement of 18th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 15,000,000,000 on June 1, 2021. The transaction will involve participation from Meritz Securities Co., Ltd. The bonds will mature on June 04, 2024 and will be issued at par. The bonds carry any annual coupon rate of 3% and will have a yield to maturity of 5%. The bonds are 100% convertible into 8,379,888 common shares of the company at a fixed conversion price of KRW 1,790 per share from June 04, 2022 to May 04, 2024. The securities issued in the transaction are subject to one year hold period. The transaction has been approved by the board of directors of the company. The subscription date is June 01, 2021 and payment date is June 04, 2021.