Eugene Investment & Securities Finalizes Partial Issuance of KOSPI200-Linked Principal-Guaranteed ELB Series 737 and 738 Totaling 18.4 Billion Won, No Equity Dilution
Eugene Investment & Securities submitted the Securities Issuance Report for Series 737 and 738 Equity-Linked Bonds ELB on July 10, 2026.
Series 737, a 6-month product linked to KOSPI200, received subscriptions of 11.802 billion won out of a total offering of 30 billion won, achieving a subscription rate of 39.34 percent. Series 738, a 1-year product, received 6.6 billion won out of 20 billion won, a rate of 33.00 percent. Both series closed with partial payment.
These principal-guaranteed bonds offer pre-tax annual yields ranging from 3.740 percent to 3.750 percent for Series 737 and 3.940 percent to 3.950 percent for Series 738. As no new shares are issued, existing shareholder value is not diluted.
The total raised funds of 18.402 billion won will be used for hedging transactions, with issuance costs of 920,100 won representing 0.005 percent of the total issuance amount.
The bonds are unlisted, not covered by the Depositor Protection Act, and carry an A credit rating for the issuer, Eugene Investment & Securities.
[AI Summary]The issuance report for Eugene Securities Series 737 and 738 ELBs confirms a partial subscription of 18.4 billion won out of a planned 50 billion won. Since no equity is issued, there is no dilution of existing shareholder value. The funds are allocated for hedging purposes, indicating a defensive capital allocation. The impact on market value and corporate fundamentals is neutral.