Daishin Securities Issues 10 Billion Won ELB Linked to KEPCO Stock, Targeting Stable Returns for Retirement Pension Investors
Daishin Securities submitted a shelf registration additional document for its 1111th series low-risk equity-linked bond to the Financial Services Commission on June 25, 2026.
The issuance amounts to 10 billion Korean won with KEPCO common stock as the underlying asset, an issue price of 10,000 won per security, and maturity on December 24, 2027.
This product is available only for retirement pension funds and offers a fixed annual return of 4.00% to 4.001% with principal protection at maturity.
Proceeds will be used for hedging transactions and financial investments to ensure stable repayment under the bond terms.
Daishin Securities holds a AA- credit rating from Korea Ratings, NICE Investors Service, and KIS Ratings, and this bond is not protected by the Depositor Protection Act.
Key risks include underlying asset price volatility, issuer credit risk, potential principal loss upon early redemption, and low liquidity due to the unlisted nature of the bond.
[AI Summary]This bond issuance is a debt financing for hedging purposes with negligible dilution for existing shareholders. While it provides stable returns for retirement pension investors, the AA- issuer credit risk and limited liquidity from being unlisted are factors to consider.