Polus Inc. announced a private placement of unguaranteed unsecured private convertible bonds for gross proceeds of KRW 2,000,000,000 on January 10, 2018. The transaction involved participation from Amnis Co., Ltd. (KOSE:A007630). Each bond will mature on January 10, 2021. Each bond will have yield to maturity of 7%. Each bond will be 100% convertible into common shares at a fixed conversion price of KRW 7,000 from January 10, 2019 to December 10, 2020. The transaction has been approved by the board of directors of the company.