Shinyoung Securities Completes Issuance of Eight Series of Equity-Linked Derivative Bonds Funds Used for Hedging Limited Impact on Shareholder Value

Shinyoung Securities issued a total of eight series of equity-linked derivative bonds from Series 858 to 865 with total issuance amount of approximately 49 billion KRW.
This issuance involved corrections to the initial securities filing, with the issuance amount for Series 861 increasing from 4 billion KRW to 14 billion KRW after correction.
All proceeds will be used for hedging transactions to ensure stable payment of redemption amounts under the issuance terms.
These bonds are not listed and will be held indirectly through Korea Securities Depository without physical delivery.
[AI Summary]The issuance of derivative bonds by Shinyoung Securities is purely for hedging purposes without capital increase or share dilution, thus having limited direct impact on shareholder value. However, the issuance size of about 1.6% of market cap may modestly increase financial leverage.