HansBiomed Corporation (KOSDAQ:A042520) announced a private placement of series 4 non-guaranteed private equity convertible bonds for gross proceeds of KRW 20,000,000,000 on December 15, 2020. The transaction will include participation from Osstem Implant Co., Ltd. (KOSDAQ:A048260). The note carries no interest but yield to maturity at 2.6% annually compounded in every three months.

The bond will mature on December 18, 2023. The bond is convertible into 1,561,524 shares at KRW 12,808 per share. The transaction is expected to close on December 18, 2020.