KIWOOM Securities Issues 9.95 Billion Won in Equity-Linked Bonds No Dilution for Existing Shareholders
KIWOOM Securities is publicly offering the 1264th series Equity-Linked Bonds worth 9.95 billion won linked to Samsung Electronics common stock.
These unlisted principal-guaranteed ELBs have a 3-year maturity with automatic early redemption features and minimum principal protection.
Proceeds will be used for hedging and financial investment with no new share issuance thus no dilution for existing shareholders.
KIWOOM Securities holds AA credit ratings from Korea Ratings NICE Investors Service and Korean Credit Rating while these bonds are not protected by the depositor protection act.
[AI Summary]KIWOOM Securities' 9.95 billion won derivative bond issuance is a debt financing with no direct impact on existing shareholder value. Funds will be used for hedging operations resulting in neutral profitability impact and the AA credit rating indicates low repayment risk.