Doosan Engineering & Construction Co., Ltd. announced a private placement of series 86 bearer type private equity convertible bond for a gross proceeds of KRW 40,000,000,000 on January 19, 2022. The transaction will include participation from The Zenith Holdings
Co., Ltd. The bonds have a coupon rate of 5% and yield to maturity of 6.5%. The bonds will mature on January 24, 2025. The bonds will be 100% converted into 29,218,407 common shares at a fixed conversion price of KRW 1,369 per share for an equity stake of 5.48%. The conversion period is from January 25, 2023 to January 16, 2025. The payment date of the transaction is January 24, 2022.