Kiwoom Securities Issues 200 Billion KRW in 680th Dream Public Offering Derivative-Linked Bond with Principal Guarantee and 3.75% Annual Yield
Kiwoom Securities is issuing the 680th Kiwoom Dream Public Offering Derivative-Linked Bond worth 200 billion KRW. This principal-guaranteed ELB offers an annual yield of 3.75% at maturity.
The issuance causes no equity dilution, and the proceeds will be used for hedging transactions and investments in financial products.
Kiwoom Securities maintains a credit rating of AA, and the derivative-linked bond is not protected by the Depositor Protection Act.
[AI Summary]This debt issuance raises capital without diluting shareholder value, thus having a limited direct impact on stock price. However, the issue size represents about 2% of market capitalization, which may increase leverage.