Polus Inc. announced a private placement of round 1th unregistered coupon unguaranteed private detachable bonds with warrants for gross proceeds of KRW 25,000,000,000 on January 30, 2018. The transaction included participation from existing investor, from Amnis Co., Ltd. (KOSE:A007630). The bonds do not carry any coupon and have a yield to maturity of 4%. The bond will mature on January 30, 2021. The exercise price of warrants are KRW 7,000 per share which will be converted into 3,571,428 common shares at a conversion ratio of 8.3%, between January 30, 2019 and December 30, 2020. The transaction was approved by the board of directors of the company.