KIWOOM Securities Issues Approximately 27.7 Billion KRW in Equity-Linked Bonds for Hedging Purposes with No Shareholder Dilution
KIWOOM Securities disclosed on June 11, 2026, via a supplementary shelf filing the issuance of three series of equity-linked bonds ELB series 1242 1243 and 1244 totaling approximately 27.7325 billion KRW.
This issuance is part of the existing shelf registration and the net proceeds after issuance costs are approximately 27.7 billion KRW.
The funds raised will be used for hedging activities including transactions in underlying assets and derivatives which aligns with the product's risk management needs.
These securities are principal-protected ELBs but are unlisted and may incur principal loss upon early redemption and are not covered by the depositor protection act.
KIWOOM Securities holds a credit rating of AA from Korea Ratings NICE Investors Service and Korean Credit Rating and any deterioration in its financial condition could lead to principal loss.
This transaction does not involve any equity issuance or share repurchase so there is no dilution for existing shareholders.
No shareholder return activities such as treasury stock acquisition cancellation or dividends were disclosed in this filing.
[AI Summary]KIWOOM Securities ELB issuance is more product-driven than capital-raising and has a neutral impact on shareholder value. The hedging use of funds is prudent but credit risk and illiquidity due to non-listing are key investment risks.