Bio Protech Inc. (XKON:A199290) announced a private placement of series 5 unregistered unguaranteed unsecured convertible bonds for the gross proceeds of KRW 1,000,000,000 on August 2, 2019. The transaction will include participation from 2018 Hanwha IoT New Technology Financial Investment Fund. The bonds have a yield to maturity of 3% with maturity date of August 5, 2024. The bonds are convertible into 222,222 shares at a rate of KRW 4,500 per share. The bonds have a conversion period from August 5, 2020 to July 5, 2024. The transaction was approved by board of directors. The transaction is expected to close on August 5, 2019.