KIWOOM Securities Issues 200 Billion KRW in Equity-Linked Bonds, Principal-Protected Low-Risk Product for Hedging
KIWOOM Securities issues 200 billion KRW of its 680th Dream public offering equity-linked bonds linked to Samsung Electronics common stock.
The product is principal-protected with risk grade 5 low risk, offering a pre-tax annual return of 3.75% to 3.751% at maturity, maturing on June 25, 2027.
Proceeds will be used for underlying hedging and investment in financial products as part of KIWOOM Securities' normal operations.
KIWOOM Securities holds an AA credit rating from multiple agencies, but the bonds are unsecured and not covered by the depositor protection act.
There is no dilution of existing shares as this is a debt issuance, and no shareholder return initiatives are announced.
[AI Summary]KIWOOM Securities raises 200 billion KRW through principal-protected ELBs for hedging purposes. The issuance does not impact shareholder equity or capital structure, and the AA credit rating supports the product's safety.