DB Securities' 130th DLB Issuance Underwhelming - Only KRW 470 Million Raised vs Planned KRW 10 Billion
DB Securities' actual fund raised from the 130th DLB issuance was only KRW 470 million, representing 4.7% of the planned KRW 10 billion (weak subscription)
The DLB has a 3-month maturity, underlying 3-month government bond rate, risk grade 5 (low risk), with redemption rate of approximately 100.95%
Subscription amount fell short of the offering amount, so full allocation was made (minimum subscription KRW 10 million, maximum KRW 100 million)
All raised funds will be used for hedging transactions; the bond is unlisted and issued electronically