ORIENT BIO Inc. (KOSE:A002630) announced a private placement of 11th unregistered/unsecured private convertible bonds for gross proceeds of KRW 10,000,000,000 on June 1, 2016. The bonds will be issued at its par value. The transaction will include participation from existing investor, Eugene investment & Securities Co., Ltd. The bonds will not carry any interest coupon and will have a yield to maturity of 2% per annum. The bonds will mature on June 3, 2019.