Samsung Card Issues KRW 200 Billion in Unsecured Bonds

Samsung Card issues 4 tranches of unsecured bonds (2870~2873) totaling KRW 200 billion (KRW 50B, 110B, 20B, 20B)
Proceeds used for operating funds (merchant payment etc.)
Credit rating: AA+ (stable) by KIS Rating and NICE Rating
Key risks: economic downturn, merchant fee reduction, rise in card loan delinquency, data breach, regulatory tightening, high reliance on borrowings
Key financials (FY2025): adjusted equity ratio 30.36%, NPL ratio 1.02%, allowance ratio 104.47%, KRW liquidity ratio 491.33%