SK Reits Co., Ltd. announced a private placement of series 2 unsecured privately placed convertible bonds with bearer interest for the gross proceeds of KRW 109,000,000,000 on December 2, 2022. The transaction will include participation from Korea Standard Chartered Bank, Inc. for KRW 50,000,000,000, Shinhan Investment & Securities Co., Ltd. for KRW 38,000,000,000, Korea Investment & Securities Co., Ltd. for KRW 15,000,000,000 and NH Investment & Securities Co., Ltd. for KRW 6,000,000,000. The bonds will bear interest rate of 4% and yield to maturity of 5.5% and will mature on December 12, 2025.

The bonds will be fully convertible into 22,808,118 common shares at a fixed conversion price of KRW 4,779 between the period of December 13, 2023 to November 12, 2025. The payment date is December 13, 2022. The transaction has been approved by the board of directors of the company.