WooGene B&G Co., Ltd. (KOSDAQ:A018620) announced a private placement of series 3 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on October 1, 2019. The bonds will carry an interest of 3% per annum. The bonds will be issued at its par value.

The bonds will mature on October 14, 2023. The bonds are fully convertible into 2,660,281 shares at a conversion price of KRW 3,759 per share. The bonds are convertible from October 11, 2020 to September 11, 2023.

The expected date of payment is October 14, 2019. The transaction will include participation from AJU Good Growth Support Fund, a fund managed by Aju Investment Co. Ltd. for KRW 3,000,000,000, Hana Digital Transformation Fund, a fund managed by Hana Ventures for KRW 3,000,000,000, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 1,000,000,000, A-One Fund 1 for KRW 1,000,000,000, A-One Fund 2 for KRW 700,000,000, A-One Fund 3 for KRW 300,000,000, GVA KOSDAQ Venture Hedge Fund for KRW 500,000,000 and GVA KOSDAQ IPO-I Hedge Fund for KRW 500,000,000.