Daishin Securities announced the effectiveness of securities registration for its 1118th and 1119th Equity-Linked Bonds on July 8, 2026.
The 1118th series offers a 3.80% annual return with a 184-day maturity, raising KRW 29.97 billion linked to Samsung Electronics common stock.
The 1119th series also offers a 3.80% annual return with a 365-day maturity, raising KRW 29.91 billion linked to the same underlying asset.
Both issuances are public offerings restricted to Hana Bank trust clients and will not be listed, limiting liquidity.
Proceeds will be used for hedging underlying assets and financial investments, with no capital expansion effect for the company.
The issuer has an AA- credit rating but these bonds are not protected by depositor protection laws and principal loss is possible.
[AI Summary]This ELB issuance is a debt financing without direct dilution to existing shareholders. Funds allocated to hedging limit growth potential. Solid credit rating from a major securities firm but low coupon and non-listed structure reduce investment appeal.