DAISHIN SECURITIES Issues 5.15B KRW in 1098th Equity Linked Bond, Achieves Low Subscription Rate of 17.2%
DAISHIN SECURITIES raised 5.15B KRW via the 1098th Equity Linked Bond (Low Risk), with a low subscription rate of 17.2% against the planned 29.91B KRW.
Underlying asset is Samsung Electronics common stock; maturity of 365 days offering annual returns of 3.20% or 3.19%.
Proceeds will be fully used for hedging purposes (derivative operations), not for general corporate funding.
[AI Summary]This is a routine bond issuance with no equity dilution, and its impact on the company's stock price is negligible.