EcoBio Holdings Co., Ltd. (KOSDAQ:A038870) announced a private placement of 5th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 20,000,000,000 on January 23, 2017. The transaction will include participation from Hanyang Securities Co. Ltd. and Twosun-Pizzazz Private Equity Fund for KRW 5,000,000,000 each and Susung Asset Management Co., Ltd. for KRW 1,200,000,000.

The bonds are zero-coupon. The bonds would mature on January 25, 2022. The bonds will be fully convertible into 1,706,775 shares of the company at a fixed conversion price of KRW 11,718 per share between the periods of January 25, 2018 to December 25, 2021.

The transaction has been approved by the board of directors of the company.