Daeho Special Steel Co., Ltd. announced private placement of series 5 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 11,000,000,000 on July 28, 2021. The transaction will include participation from Shinhan Financial Investment Co., Ltd., Investment Arm for KRW 2,000,000,000, Hanyang Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, funds advised by KB Securities Co., Ltd., Mirae Asset Securities Co., Ltd., NH Investment & Securities Co., Ltd., Samsung Securities Co., Ltd., Korea Investment & Securities Co., Ltd., and Shinhan Financial Investment Co., Ltd. for KRW 8,000,000,000. The bonds bear no coupon and maturity rate of 2%. The bonds will mature on July 30, 2024. The bonds are convertible into 11,122,345 shares at a fixed conversion price of KRW 989 per share from July 30, 2022 to June 30, 2024. The expected payment date is July 30, 2021.