SK Reits Co., Ltd. announced a private placement of series 3 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 23,100,000,000 on March 13, 2023. The transaction will include participation from returning investor, Samsung Securities Co. Ltd., Investment Arm and Korea Investment & Securities Co., Ltd., Investment Arm.

The series 3 bonds have a coupon rate of 3.5% and a yield to maturity rate of 4.5%, maturing on March 15, 2026. The bonds will be fully convertible into 4,526,748 common shares at an issue conversion price of KRW 5,103 between the period starting from March 15, 2024 and ending on February 15, 2026. The expected date of payment is March 15, 2023.

The bonds have a lock-up period of one year from the date of issuance. The transaction has been approved by board of directors of the company.