Polus Inc. announced a private placement of second series unregistered coupon unguaranteed detachable private bond for gross proceeds of KRW 25,000,000,000 on May 25, 2018. The bonds were issued at par. The bonds have a yield to maturity of 4%. The company also issued warrants in the transaction. The bond will mature on May 25, 2021. The warrants are fully exercisable into 2,631,578 common shares between May 25, 2019 to April 25, 2021. The transaction included participation from existing investor POLUS BioPharm Inc. (KOSE:A007630). The transaction was approved by the board of directors of the company. The payment date is May 25, 2018.