Kiwoom Securities' 400 Billion Won Bond Registration Statement Becomes Effective, Successfully Completing Refinancing
Kiwoom Securities' registration statement for the 400 billion won 22nd unsecured bonds became effective on July 21, 2026. The issuance was upsized from an initial 200 billion won due to strong demand, with valid orders of 470 billion won for the 2-year tranche and 475 billion won for the 3-year tranche.
The proceeds will be used entirely to repay maturing electronic short-term bonds, a defensive refinancing move to stabilize the company's financial structure.
Kiwoom Securities reported a consolidated net profit of 477.4 billion won in Q1 2026, demonstrating stable profitability. The company is actively pursuing shareholder returns with a common stock dividend of 11,500 won per share and cancellation of over 900,000 treasury shares.
Financial soundness indicators include an NCR of 1848%, leverage ratio of 868%, and liquidity ratio of 110%, with stable consolidated BIS ratios. However, the company faces risks from derivative-linked securities outstanding of 5.6 trillion won and contingent liabilities of 4.7 trillion won.
[AI Summary]The effectiveness marks the final procedural step for the 400 billion won bond issuance, which successfully completes refinancing backed by AA0 credit ratings and strong institutional demand. While shareholder returns and profitability are positive, high leverage and derivative risks require ongoing monitoring.
KOSPI Filing Information
Effectiveness Notice (Securities Registration Statement (Debt Securities) Submitted on July 8, 2026)