KIWOOM Securities issued its 1264th Equity-Linked Bond ELB on July 6, 2026, with total subscriptions of 9.154 billion KRW against a target of 99.5 billion KRW, achieving a subscription rate of only 9.2%.
The bond is linked to Samsung Electronics common stock, is principal-protected rated Grade 5 with a 3-year maturity, and includes automatic early redemption features.
Proceeds are fully allocated to hedging transactions for risk management, with no equity conversion, causing zero dilution to existing shareholders.
[AI Summary]The KIWOOM Securities 1264th ELB raised only a small amount due to low subscription, with negligible impact on shareholder value. No dilution risk as it is debt-like, and fund usage for hedging is neutral for growth. The issuer KIWOOM Securities is a highly credible counterparty with low credit risk.