DB Securities Finalizes 299.85 Billion Won Principal-Protected ELB Linked to Samsung Electronics with 3.30% Maximum Yield and A+ Stable Credit Rating
DB Securities prospectus for the 893rd Equity-Linked Bond became effective on July 8, 2026. The ELB is principal-protected and linked to Samsung Electronics common stock.
Total offering amount is 299.85 billion won with 3 million bonds at 9,995 won each. Maturity is October 20, 2026, 92 days. If underlying asset closes at or below 500% of initial price, annual yield 3.30%; otherwise 3.29%.
Issuer credit rating is A+ stable from all three major Korean agencies: NICE, KIS, and KMC. Proceeds will be used for hedging and financial investments.
The bond is not listed on any exchange. Early redemption before maturity may incur principal loss and it is not covered by the depositor protection act.
[AI Summary]This debt issuance does not dilute equity and carries low issuer credit risk due to A+ rating. However, investors face liquidity risk from non-listing and potential early redemption costs. Suitable for conservative short-term yield.