Daishin Securities Issues 9.99 Billion KRW 1112th Series Equity-Linked Bond, No Equity Dilution and Funds for Hedging
Daishin Securities is issuing its 1112th series Equity-Linked Bond ELB low-risk type worth 9.99 billion KRW. The maturity is January 6 2027 184 days and the underlying asset is the S&P 500 index.
The bond is offered through a public offering with subscription limited to Kookmin Bank trust customers. Issuance may be canceled if total subscription amount falls below 1 billion KRW.
This product is not protected by the Depositor Protection Act and may incur loss of principal. The issuer's credit rating is AA- stable but early redemption may result in principal loss.
The S&P 500 index recorded a 20-year high of 7,609.78 and low of 676.53. The fair value of this bond is estimated at 10,004.23 KRW per 10,000 KRW face value.
[AI Summary]This is a small-scale debt issuance with no equity dilution proceeds used for hedging and investment purposes thus limited impact on shareholder value. The issuer's credit risk is low but investors should be aware of potential principal loss.