Gencurix Inc. (XKON:A229000) announced that it will issue series 2 guaranteed private convertible bonds for gross proceeds of KRW 1,000,018,500 and series 3 non-guaranteed private convertible bonds for gross proceeds of KRW 3,000,003,000 on January 28, 2020. The transaction will include participation from Leo No. 9 Hyosung Youth Startup Fund for series 2 bond and Korea Investment Industry 4.0 Venture Fund, a fund managed by Korea Investment Partners Co. Ltd. for KRW 900,003,000 and KDB Capital Corporation, Investment Arm for KRW 2,100,000,000 for series 3 bond. The bonds will mature on January 30, 2023. The series 2 bonds and series 3 bonds carry rate of interest of 3% per annum and 4% per annum respectively. The series 2 bonds are 100% convertible into 51,283 common shares of the company and series 3 bonds are convertible into 153,846 common shares both at a conversion price of KRW 19,500 per share. The conversion period will start from January 31, 2021 and ends on January 29, 2023. The transaction is expected to close on January 31, 2020. The transaction has been approved by the board of directors of the company.