DB Securities Issues KRW 4.98 Billion in 900th Series ELB Linked to KOSPI200 with Guaranteed Minimum Return
DB Securities is issuing the DB Safe 900th Series Equity-Linked Bond linked to the KOSPI200 Index under its shelf registration program for a total of KRW 4.98 billion.
The bond offers a minimum guaranteed return of 4.29% over 1.5 years and a maximum potential return of 9.29% with a participation rate of 20% if the underlying rises.
The issuer has an A+ stable credit rating and the bond is unsecured. Proceeds will be used for hedging and financial investment.
The bond is not listed and not protected by the depositor protection act, so early redemption may incur principal loss.
Risk rating is level 4 moderate risk and subscription is limited to iM Bank trust customers.
The company reported total equity of KRW 989.1 billion and net profit of KRW 53.5 billion in fiscal year 2025 with EPS of KRW 1,333.
[AI Summary]This ELB issuance is a small tranche under an existing shelf program with no equity dilution effect, so the impact on the stock price is limited. The company's credit rating is A+ stable, but investors should note the product's level 4 risk and lack of exchange listing.