ISU Abxis Co., Ltd. (KOSDAQ:A086890) announced a private placement of series 7th non-guaranteed private equity convertible bond for gross proceeds of KRW 80,000,000,000 on June 28, 2021. The bonds will not carry any coupon rate and yield to maturity. The bond would mature on June 30, 2026. The bonds will be convertible into 4,953,547 common shares of the company at a conversion price of KRW 16,150 from June 30, 2022 to May 30, 2026. The transaction is expected to close on June 30, 2021. The transaction has been approved by the board of directors of the company.