Shinyoung Securities Issuance of Plan-Up 822nd ELB Linked to Samsung Electronics Principal Protected Product Raising 100 Billion Won
Shinyoung Securities is issuing an equity-linked bond ELB with Samsung Electronics common stock as the underlying asset.
The issuance size is 100 billion won consisting of 1 million shares with a face value of 10,000 won each and maturing on April 16 2027 a one-year term.
The product is classified as low risk with principal protection offering a return of 3.50% to 3.51% per annum.
Proceeds will be used for hedging the bond is not listed and the issuer credit rating is AA-.
[AI Summary]This is a routine derivative-linked bond issuance by Shinyoung Securities with a neutral impact on shareholder value. It involves no equity dilution or changes to capital structure and the funds are used for hedging operations.