KIWOOM Securities Issues 9.95 Billion Won Principal-Guaranteed ELB Linked to Samsung Electronics Stock, No Share Dilution
KIWOOM Securities issues its 1264th series principal-guaranteed equity-linked bond ELB totaling 9.95 billion KRW, linked to Samsung Electronics common stock. The issue price per bond is 9,950 KRW with maturity on July 10, 2029.
The issuer's credit rating is AA as assessed by Korea Corporate Rating, NICE Credit Rating, and Korea Credit Rating in March 2026, indicating strong financial soundness.
Proceeds will be used for hedging transactions in underlying assets and derivatives to ensure stable repayment, representing a debt financing that does not dilute existing shareholders.
The bond is not protected by the Depositor Protection Act and carries credit risk of the issuer. Early redemption may result in principal loss and is priced at least 95% of fair value with a 90% floor for first six months.
This issuance does not involve any equity conversion, so there is no dilution or change in share count for existing shareholders.
[AI Summary]KIWOOM Securities' issuance of a principal-guaranteed ELB is a debt financing event with no direct impact on shareholder value. The AA-rated issuer's product poses credit risk to investors but no equity dilution, making it a neutral event for shareholders.