GTG Wellness CO.,LTD (KOSDAQ:A219750) announced that it will issue series 4 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on January 20, 2020. The transaction will include participation from Focus Asset Management Co., Ltd. for KRW 2,000,000,000, Orion Asset Management Co., Ltd. for KRW 1,000,000,000, NH Hedge Asset Management Co., Ltd. for KRW 1,000,000,000, and DB Financial Investment Co.,Ltd., Investment Arm for KRW 1,000,000,000. The bonds do not carry any coupon and have yield to maturity of 0%. The bonds will mature on January 22, 2023. The bonds will be issued at par. The bonds are fully convertible into 1,326,259 shares representing 10.77% stake at a fixed conversion price of KRW 3,770 each starting from January 22, 2021 till December 22, 2022. The payment date is January 22, 2020. The transaction has been approved by the board of directors of the company.