Kiwoom Securities Reports Issuance Results for Two Series of Equity-Linked Bonds - Series 1183 Raised 99.5M KRW, Series 1184 Cancelled Due to Under-Subscription
Kiwoom Securities reported issuance results for two series of equity-linked bonds (ELB) Series 1183 and 1184 to the Financial Supervisory Service.
Series 1183: Planned total offering of 9.95B KRW (1,000,000 bonds), but actual subscription was only 1 application for 99.5M KRW (1.0%), resulting in issuance of 99.5M KRW (10,000 bonds).
Series 1184: Planned total offering of 9.95B KRW, but zero subscriptions led to cancellation due to failure to meet minimum subscription amount; full refund processed.
Proceeds (99.5M KRW) will be used for hedging purposes; the impact on the company's financials and shareholder value is negligible.
[AI Summary]Although the issuance saw extremely low subscription rates relative to the plan, the raised amount is only 0.001% of total equity, resulting in no material financial impact and a neutral effect on stock price and shareholder value.