CTCBIO Inc. (KOSDAQ:A060590) announced a private placement of round 5 unregistered coupon nonguaranteed Non-detachable private bond with warrant for gross proceeds of KRW10,000,000,000 on September 23, 2020. The transaction will involve participation Shinhan Financial Investment Co., Ltd. for KRW 2,000,000,000, Shinhan Financial Investment Co., Ltd on behalf of Time-Mezzanine G Hedge Fund for KRW 300,000,000, Shinhan Financial Investment Co., Ltd on Behalf Time-Mezzanine V Hedge Fund for KRW 400,000,000 , Shinhan Financial Investment Co., Ltd on behalf Time-Mezzanine V2 Hedge Fund for KRW 300,000,000, Shinhan Financial Investment Co., Ltd on behalf Time-Mezzanine S Hedge Fund for KRW 500,000,000, returning investors Kiwoom Securities Co., Ltd. (KOSE:A039490) for KRW 1,000,000,000, Samsung Securities Co.,Ltd. (KOSE:A016360) on behalf of NH Absolute Return Hedge Fund 1, NH Absolute Mezzanine Hedge Fund 1 for KRW 2,500,000,000, Samsung Securities Co.,Ltd. (KOSE:A016360) on behalf of SP Mezzanine Hedge Fund for KRW 1,000,000,000, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 2,000,000,000. The bonds carry a 0% coupon, 1% yield to maturity, and mature on September 25, 2023.

The company also issued warrants in the transaction. The warrants are exercisable into equity shares at KRW 8,519 for 1,173,846 shares. The exercise period for the warrants is September 25, 2021 to August 25, 2023.

The company expected to close the transaction on September 25, 2020.