EASY BIO, Inc. (KOSDAQ:A035810) announced a private placement of 14th unregistered unsecured unguaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on December 18, 2015. The bonds will be issued at its par value. The transaction will include participation from new investor, Kiwoom Investment Co., Ltd. The bonds will mature on December 21, 2020; with yield to maturity of 1% and do not carry any coupon rate.

The bonds have lump-sum redemption of principal on maturity date and can be fully converted into registered common shares of the company at a fixed conversion price of KRW 5,694 per share and a conversion period from December 21, 2016 to December 20, 2020. The payment date for the bonds is expected on December 21, 2015. The transaction was approved by the board of directors of the company.