J Steel Company Holdings Inc. announced a private placement of 3th Bearer Type Interest Part Unsecured privately placed convertible bonds for gross proceeds of KRW 40,000,000,000 on April 12, 2023. The bonds will carry 2% coupon rate, 6.5% yield to maturity rate, will mature on April 27, 2026 and will be 100% convertible into 8,886,914 common shares of the company at a fixed conversion price of KRW 4,501 per share from April 27, 2024 to March 27, 2026. The transaction has been approved by the board of directors of the company.

The payment date is on April 27, 2023. The securities are subject to restriction of transfer for a period of one year from issuance.