Philosys Co., Ltd announced that it has issued 18th series unregistered unguaranteed zero coupon private convertible bonds for an aggregate gross proceeds of KRW 5,000,000,000 on November 28, 2019. The transaction will include participation from returning investor Philosys Healthcare Co., Ltd. The bonds will have maturity interest rate of 6% and will mature on November 28, 2022. The bonds are 100% convertible into 1,162,790 shares of the company for 3.55% stake in the company at a conversion price of KRW 4,300. The conversion period will start from February 28, 2020 and will end on October 28, 2022. The bonds issued pursuant to the transaction are subject to a hold period of one year. The transaction has been approved by the board of directors the company on November 28, 2019. The transaction has a payment date and subscription date of November 28, 2019.