ISU Abxis Co., Ltd. (KOSDAQ:A086890) announced a private placement of 6th round registered unguaranteed private convertible bonds for gross proceeds of KRW 40,000,000,000 with InterVest Holdings Co., Ltd. on February 21, 2019. The bonds will not carry any coupon rate and yield to maturity. The bond would mature on April 12, 2024. The bonds are now convertible into 4,920,049 common shares of the company at a conversion price of KRW 8,130 from April 12, 2020 to March 12, 2024. The transaction is expected to close on April 12, 2019. The transaction has been approved by the board of directors of the company.