IHQ Inc. announced a private placement of round 12 unregistered coupon non-guaranteed private convertible bond for gross proceeds of KRW 35,000,000,000 on February 17, 2022. The bonds has been issued at par and will carry coupon rate of 2%. The bonds have yield to maturity of 5% and would mature on February 18, 2025.

The bonds will be fully convertible into 30,094,582 shares of the company at a fixed conversion price of KRW 1,163 from February 18, 2023 to February 11, 2025. The payment date is February 18, 2022. The transaction has been approved by the board of directors of the company.

The securities issued shall be subject to hold period of 1 year.