Hyundai Motor Securities Files for Issuance of 35.5 Billion Won in Derivative-Linked Bonds Series 619~621... Low and Normal Risk Products, Limited Impact on Shareholder Value

This filing is a shelf registration for the issuance of three series of derivative-linked bonds DLBs by Hyundai Motor Securities, totaling approximately 35.5 billion won: Series 619 low risk 10 billion won, Series 620 low risk 9.985 billion won, and Series 621 normal risk about 15.497 billion won, effective July 2, 2026.
The proceeds will be used for hedging transactions in underlying assets and derivatives, as well as investments in financial products, which are part of the company's routine funding and operational activities.
The bonds are unlisted, unsecured, and not protected by the Depositor Protection Act, with potential for principal loss upon early redemption. The issuer has a credit rating of AA- stable from NICE, KEP, and KIS.
No separate shareholder return policies such as share buyback, cancellation, or dividends were mentioned in this filing.
[AI Summary]This DLB registration is a debt financing with no equity dilution, used for hedging and operational purposes, thus having a neutral impact on shareholder value. The AA- credit rating indicates low default risk, but investors should note the unlisted nature and the risk of principal loss on early redemption.