Kiwoom Securities Reports Issuance of Three Series of Equity-Linked Bonds - Partial Subscription Due to Low Demand, Proceeds Used for Hedging
Kiwoom Securities disclosed a securities issuance report on June 12, 2026, for its 1215th, 1216th, and 1217th series of equity-linked derivative bonds.
The 1215th series received subscriptions of 22.5523 billion won out of a total planned 10 billion won, achieving a 22.55% subscription rate; the 1216th series received 1.04915 billion won out of 10 billion won 10.49%; and the 1217th series raised 148.516 million won out of 7.516 billion won 1.98%.
The proceeds will be used for hedging transactions to manage risks related to future redemption payments, with no impact on shareholder dilution or capital expansion.
This issuance does not affect existing shares, and no shareholder return activities such as buybacks or dividends were announced.
[AI Summary]Kiwoom Securities' issuance of equity-linked bonds saw total actual funding of only 3.45 billion won against a planned total of 27.516 billion won, indicating weak market demand. However, since the funds are used for hedging and no new shares were issued, there is no dilution risk or direct impact on shareholder value.