Kiwoom Securities to Issue 4 Principal-Protected ELBs Worth 39.8 Billion Won
Kiwoom Securities will publicly offer 4 series of equity-linked securities (ELB) linked to underlying assets (Hyundai Motor common stock, POSCO Holdings) totaling 39.8 billion won.
Each series amounts to 9.95 billion won (1,000,000 securities, issue price 9,950 won per security), classified as Grade 5 (low risk) principal-protected product.
Maturity date is June 5, 2029; securities are unlisted and not scheduled for exchange listing.
Proceeds will be used for hedging transactions and investment in financial instruments.
Issuer credit rating is AA (by Korea Ratings, NICE Investors Service, and Korean Credit Rating), indicating sound credit quality.