KIWOOM Securities disclosed its securities issuance report to the Financial Supervisory Service on June 8 2026 detailing the issuance of 11 tranches of Equity-Linked Securities ELS.
Among the 11 tranches 10 from series 1893 to 1902 were successfully issued while series 1903 was cancelled due to insufficient subscription.
Total funds raised amounted to approximately 22.83 billion KRW representing only 0.24% of the company's market capitalization of 9.55 trillion KRW resulting in negligible impact on existing shareholder value.
The proceeds will be used exclusively for hedging activities to manage risks associated with the ELS products which is a standard operational practice for securities firms.
All issued ELS are classified as high-difficulty financial investment products with investor protection measures in place.
[AI Summary]KIWOOM Securities' ELS issuance is a routine capital raising activity without equity dilution raising about 22.8 billion KRW for designated hedging purposes neutral to shareholder value. No new shares were issued so no dilution occurs.