Samsung Securities Completes Issuance of 2917th ELD with 72.9% Subscription Rate; No Equity Dilution
Samsung Securities has finalized the issuance of its 2917th equity-linked derivative bond ELD, raising 58.3 billion KRW, which is 72.9 percent of the 80 billion KRW initially targeted.
The funds will be allocated to hedging and investment in high-grade bonds and derivatives, consistent with the company's treasury management.
The ELD is linked to Hyundai Motor stock with a strike price at 300 percent of the initial price, offering a fixed coupon of approximately 3.75 percent, reflecting a structured note with limited upside for investors.
[AI Summary]This procedural report confirms the execution of a debt issuance without any impact on common equity. The partial subscription indicates moderate market demand. Samsung Securities maintains strong creditworthiness as a major financial institution.