Kiwoom Securities Issues Total 250 Billion KRW in Derivative-Linked Bonds Series 266 and 267 Structurally Neutral Capital Impact

Kiwoom Securities will issue its 266th and 267th series of derivative-linked bonds on June 11, 2026, for 200 billion KRW and 50 billion KRW respectively.
These principal-guaranteed bonds are linked to the 3-month Korean Treasury bond rate, offering up to 4.18% annual return at maturity, with a low-risk rating of grade 5.
Proceeds will be used for hedging and financial product investments, with no dilution impact on existing shareholders.
Kiwoom's credit rating is AA, and while these are unsecured bonds, principal loss is possible if the issuer's financial condition deteriorates.
[AI Summary]This DLB issuance by Kiwoom Securities is neutral from a capital structure perspective and does not directly affect existing shareholder value. However, the issuer's credit risk and lack of listing leading to illiquidity are key considerations for investors.