Kiwoom Securities Issues KRW 1 Billion Principal-Guaranteed Equity-Linked Derivative Bond Series 1258 Low Risk Grade
Kiwoom Securities is issuing KRW 1 billion of Series 1258 equity-linked derivative bonds ELB linked to the KOSPI200 index on June 25, 2026.
This principal-protected product classified as low risk grade 5 offers a maximum pre-tax return of 2.93% per annum at maturity but is unlisted thus has limited liquidity.
Proceeds will be used for hedging transactions and financial investments to ensure stable repayment of the bond.
Kiwoom Securities holds an AA credit rating but the bond is unsecured not covered by the depositor protection act and may incur principal loss depending on the issuer's solvency.
[AI Summary]This routine debt issuance has no equity dilution and minimal impact on shareholder value with funds allocated to operational hedging. The issuer's strong credit rating mitigates counterparty risk while the unlisted nature poses liquidity risk.