Genotech Corp. (XKON:A066830) announced a private placement of 2nd unregistered unguaranteed private convertible bonds for the gross proceeds of KRW 1,000,000,000 on April 24, 2018. The transaction will include participation from Midas Donga Investment Co.,Ltd. for KRW 200,000,000 and Dream High Investment Fund 2 KRW 800,000,000. The bonds carry coupon rate of 1%, yield to maturity 5%, and will mature on April 30, 2021. The bonds are convertible into common shares of the company at a conversion price of KRW 4,190 from April 30, 2019 to March 30, 2021. The transaction is expected to close on April 30, 2018. The transaction was approved by board of directors of the company.