Philosys Healthcare Co., Ltd (KOSDAQ:A057880) announced a private placement of series 13 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 3,000,000,000 on April 23, 2020. The transaction will include participation from LMK Insight Co., Ltd. for KRW 2,000,000,000 and GOC Partners Co., Ltd. for KRW 1,000,000,000. The bonds will mature on June 5, 2023 and have a coupon rate of 3.5% and interest rate of 3.5%. The bonds are convertible into 1,955,671 shares at a conversion price of KRW 1,534 per share from June 5, 2021 to May 5, 2023. The transaction is expected to close on June 5, 2020. The transaction has been approved by the board of directors.