Yuanta Securities Issues 5 Billion KRW ELB Series 367 with Low Risk Rating and Principal Protection
Yuanta Securities issued 5 billion KRW worth of Equity-Linked Bond ELB Series 367 on July 3 2026 with Samsung Electronics and SK Hynix as underlying assets.
The product has a 3-year maturity and pays a monthly coupon of 0.85% equivalent to 10.20% per annum along with auto-call features.
The issuer holds a stable credit rating of AA- and the proceeds will be used for hedging and other investment purposes.
Investors are guaranteed principal at maturity or upon auto-call but may incur losses in case of early redemption.
[AI Summary]This ELB issuance does not directly dilute existing shareholders with the offering size representing only 0.6% of market cap. The impact on fundamentals is limited given the AA- credit rating of the issuer.