DB Securities Issues Three Tranches of Equity-Linked Bonds Totalizing KRW 59.87 Billion under Existing Shelf Registration
This disclosure is a supplementary registration statement for the issuance of three series of Equity-Linked Bonds ELB totaling KRW 59.87 billion, conducted under the existing shelf registration program with a total limit of KRW 3.5 trillion.
Each bond is linked to the S&P 500 index or SK Hynix common stock, with maturities ranging from 92 days to one year and offering pre-tax returns of 3.30% to 3.71% per annum, featuring principal protection.
The proceeds will be used for hedging activities, including trading in underlying assets and exchange-traded or OTC derivatives, to ensure stable payment of redemption amounts.
DB Securities maintains a stable credit rating of A+ from NICE Investors Service and Korea Investors Service, indicating low issuer credit risk.
These bonds are not listed on any exchange and are not protected by the Depositor Protection Act, so investors should be aware of associated risks.
[AI Summary]DB Securities' additional KRW 59.87 billion ELB issuance under the existing shelf limit is a routine funding activity with no equity dilution risk and typical hedging purpose, thus expected to have a neutral impact on the company's stock price.