Samsung Card Issues 510 Billion KRW in Unsecured Bonds for Operating Funds, No Dilution with AA+ Stable Rating
Samsung Card is issuing six series of unsecured bonds 2884 through 2889 totaling 510 billion KRW through a public offering on June 24 2026.
The proceeds will be used for operating purposes such as merchant payment settlements not for debt repayment or expansion.
The bond issuance causes no equity dilution and existing shareholder value is unaffected. The company holds 9,148,196 treasury shares but has no plan to acquire or cancel shares related to this issuance.
Samsung Card maintains strong financial indicators adjusted equity ratio 28.17% delinquency ratio 1.00% and loan loss reserve ratio 102.39%. Credit rating is AA+ stable from Korea Ratings and NICE Ratings.
The underwriting syndicate consists of 12 major securities firms including Korea Investment Securities and DB Securities ensuring high counterparty credibility.
[AI Summary]Samsung Card's 510 billion KRW bond issuance is a routine debt financing for working capital with no shareholder dilution. The company's solid credit rating AA+ stable and low delinquency ratio support financial stability limiting negative impact on stock price while strengthening operational liquidity.