Bio Protech Inc. (XKON:A199290) announced a private placement of series 6 No bearer no guarantee convertible bonds for the gross proceeds of KRW 500,000,000 on February 14, 2020. The transaction will include participation from T Investment Foundation Early Year 1. The bonds have a yield to maturity of 3% with maturity date of February 14, 2025. The bonds are convertible into 111,111 shares at a rate of KRW 4,500 per share. The bonds have a conversion period from February 14, 2021 to February 14, 2025. The transaction was approved by board of directors.