Jin Air Co., Ltd. (KOSE:A272450) announced a private placement of 15,859,713,850 series 1 non-guaranteed private equity exchange bonds at a price of KRW 1 per bond for gross proceeds of KRW 15,859,713,850 on March 26, 2021. The transaction will include participation from Korea Investment & Securities Co., Ltd., Investment Arm. The bonds do not carry any interest. The bonds will mature on April 1, 2024. The bonds are fully convertible into 688,057 common shares at a fixed conversion price of KRW 23,050 per share from April 8, 2021 to March 2, 2024. The subscription date of the bonds is March 30, 2021 and the payment date is KRW April 1, 2021. The transaction was approved by the board of directors of the company.