Biolog Device Co., Ltd. announced a private placement of series 5 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 6,500,000,000 on July 18, 2021. The transaction will include participation from returning investors Biolog Device Co., Ltd. for KRW 3,000,000,000 and Sangsangin Plus Savings Bank, Investment Arm for KRW 3,500,000,000. The bonds will bear fixed interest rate of 3% per annum and yield to maturity of 6% per annum.

The bonds will mature on July 20, 2025. The bonds are convertible into 4,318,936 common shares at a fixed conversion price of KRW 1,505 per share from July 20, 2023 to June 20, 2025. The expected date of payment is July 20, 2022.

The transaction is approved by the board of directors of the company.