TCC Steel Corp. (KOSE:A002710) announced a private placement of 35th domestic registered unguaranteed unsecured private convertible bonds for gross proceeds of KRW 17,000,000,000 on November 26, 2015. The bonds will mature on December 31, 2018 and are redeemable in lump sum on its maturity.

The bonds carry fixed interest rate of 1% per annum and yield to maturity of 3%. The bonds are 100% convertible to common shares at KRW 1,921 per share from November 27, 2016 to December 30, 2018. The transaction was approved by the board of directors of the company.