Bio Nicsgene Co.,Ltd. (KOSDAQ:A222810) announced a private placement of 4th series unregistered unguaranteed private convertible bonds for gross proceeds of KRW 1,500,000,000 on May 14, 2018. The transaction involved participation from returning investor MiraeING.Co.,Ltd. (KOSE:A007120). The bonds carry a coupon rate of 3% and yield to maturity of 4%.

The maturity date of bonds is May 14, 2021. The bonds are 100% convertible into common shares at a price of KRW 10,065 from May 14, 2019 to April 14, 2021. The transaction has been approved by the board of directors of the company.