KIWOOM Securities Issues KRW 19.86 Billion Principal-Guaranteed ELBs Linked to KOSPI200... Funds to Be Used for Hedging
KIWOOM Securities will publicly issue the 1194th and 1195th series of Equity-Linked Bonds (ELB) totaling KRW 19.86 billion (KRW 9.93 billion per series) on June 8, 2026. This is an additional issuance under the existing KRW 10 trillion shelf registration, leaving an unused balance of approximately KRW 4.88 trillion.
Both products are linked to the KOSPI200 index and have a principal-guaranteed structure (Grade 5, low risk). The maturity is June 12, 2029 (3 years), with an issue price of KRW 9,930 per security (face value KRW 10,000).
The 1194th series offers an auto-call barrier of 80% with an annual yield of 5.50%, while the 1195th series has a barrier of 85% with an annual yield of 6.20%. If no early redemption occurs, investors receive the respective yields at maturity; principal is fully guaranteed even if the underlying falls below the barrier.
The proceeds will be used entirely for hedging purposes. The issuer's credit rating is AA. These securities are not covered by the Depositor Protection Act.
[AI Comprehensive Analysis]This disclosure is a routine issuance of structured bonds by KIWOOM Securities, with no direct impact on the company's stock value or capital structure. However, the large remaining shelf balance (KRW 4.88 trillion) suggests potential future issuances, so investors should closely monitor the issuer's creditworthiness and hedge management risks.