Kiwoom Securities Issues 9.95 Billion KRW in Equity-Linked Bonds, Principal Protected with KOSPI200 Linkage
Kiwoom Securities filed a supplementary shelf registration statement for its 1226th series equity-linked bonds with the Financial Services Commission on June 4, 2026.
The issuance totals 9.95 billion KRW with a face value of 10,000 KRW per bond and an issue price of 9,950 KRW, offering 1 million bonds. The underlying asset is the KOSPI200 index with a maturity date of June 19, 2029.
Classified as a low-risk grade 5 principal-protected ELB, the bond features auto-call provisions. Proceeds will be used for hedging transactions and investment in financial products.
Kiwoom Securities maintains an AA credit rating, and this bond is not protected by the Depositor Protection Act. Early redemption may result in principal loss.
[AI Summary]Kiwoom's 9.95 billion KRW ELB issuance is negligible relative to market cap, posing no dilution risk. Fund usage for hedging is neutral for capital efficiency. The AA-rated issuer is financially sound, but investors should note the lack of deposit insurance and early redemption risks.