Samsung Securities Issues 45 Billion KRW in KT-Linked Equity-Linked Bonds No Dilution to Shareholders
Samsung Securities is publicly offering three tranches of equity-linked bonds 2913 to 2915 with a total of 45 billion KRW based on KT common stock with payment date on June 30 2026.
Each tranche of 15 billion KRW offers annualized returns of approximately 2.96% for 3-month maturity 2913 3.12% for 6-month 2914 and 3.31% for 12-month 2915 with principal protection.
The proceeds will be used for hedging and investment in financial products with the issuer's credit rating AA+ indicating stability.
Samsung Securities has continued shareholder return policies including a stock cancellation decision on February 10 2026.
[AI Summary]This 45 billion KRW ELB issuance by Samsung Securities is a routine business activity that raises funds for hedging without diluting existing shareholders. Given the AA+ credit rating and stable financial condition investment risk is low but investors should note the difficulty of early redemption due to the unlisted structure.