Hyundai Motor Securities Registers KRW 29.98 Billion in Low-Risk DLBs (Series 617 and 618) as Routine Hedging Fundraising; Shareholder Value Neutral

Hyundai Motor Securities submitted a supplementary registration statement for the issuance of Series 617 and 618 derivative-linked bonds (DLBs) based on the USD/KRW exchange rate, with total amounts of KRW 14,992,500,000 and KRW 14,985,000,000 respectively.
Series 617 is a 94-day tenor offering a pre-tax yield of 3.160% or 3.150% depending on whether the underlying asset is above or below 2,000 KRW at maturity. Series 618 is a 181-day tenor offering 3.610% or 3.600% respectively. Both are unlisted and not protected by the Depositor Protection Act.
Proceeds will be used for underlying asset hedging and financial product investments, representing routine operational fundraising. The issuance involves no equity dilution and the amount is negligible relative to market cap, so shareholder value impact is limited.
The issuer retains an AA- credit rating from NICE, KIS, and KIB, indicating strong creditworthiness. No separate shareholder return policies such as share buybacks, cancellations, or dividends are mentioned in this document.
[AI Summary]This DLB registration is part of Hyundai Motor Securities' routine funding activity. The low-risk structure and strong credit profile imply low credit risk, but the impact on shareholder value is neutral. Investors should note risks including lack of listing and potential principal loss upon early redemption.