SK Reits Co., Ltd. announced a private placement of series 1 unregistered coupon unguaranteed private convertible bond for the gross proceeds of KRW 29,000,000,000 on October 6, 2022. The transaction will include participation from Shinhan Investment Corp. The bonds will bear interest rate of 2% and yield to maturity of 2% and will mature on October 7, 2025.

The bonds will be fully convertible into 5,647,517 common shares at a fixed conversion price of KRW 5,135 between the period of October 7, 2023 to September 7, 2025. The payment date is October 7, 2022. The transaction has been approved by the board of directors of the company.