Hyundai Motor Securities Issues 615th Series Derivative-Linked Bonds, Raising 20 Billion KRW for Hedging Operations

Hyundai Motor Securities issues the 615th series of low-risk other derivative-linked bonds worth 20 billion KRW, with the underlying asset being the 3-month government bond yield and maturity on January 4, 2027.
The proceeds will be used for hedging transactions including underlying asset trades and over-the-counter derivatives to manage risk.
The issuer's credit rating is AA- indicating stability, but these bonds are not protected by the Depositor Protection Act and are unlisted, limiting liquidity.
[AI Summary]This is a routine additional issuance under an existing shelf registration with no impact on capital or shareholder returns. The hedging use of funds is within normal operations. While the AA- rated issuer provides credibility, the unlisted nature and potential principal loss upon early redemption warrant investor caution.