ClouDr Group (HKG:9955) has completed the issue of $4.5 million in convertible bonds to four investors, a Monday filing with the Hong Kong bourse said.

The bonds, which have an annual interest rate of 10% and a two-year maturity, are convertible into up to 16,645,500 shares at a conversion price of HK$2.10 apiece.

The shares represent 2.51% of the medical software-as-a-service provider's enlarged issued share capital.