Samsung Securities Reports Issuance Results for ELB Series 2918 with Low Subscription Rate of 2.8%
Samsung Securities filed the issuance performance report for its 2918th series of Equity Linked Bonds marking the final completion of the issuance process.
The total subscription amount was only 275 million KRW against the planned 10 billion KRW representing a subscription rate of just 2.8% reflecting very weak investor demand.
The raised funds of 275 million KRW will be fully used for hedging operations including high-grade bonds and derivatives.
The report does not include financial soundness indicators such as BIS ratio or contingent liabilities.
[AI Summary]Samsung Securities ELB issuance concluded with an extremely low subscription rate confirming weak market demand. The issuance size is negligible relative to market cap and involves no equity dilution or capital erosion limiting the impact on shareholder value.