iM Financial Group Issues 200 Billion KRW in 31st Unsecured Bonds for Operating Funds and Debt Repayment with AAA Rating
iM Financial Group has finalized the issuance of its 31st unsecured bonds worth 200 billion KRW on July 14, 2026. The bonds carry a 3-year maturity at a fixed rate of 4.321% per annum and have been rated AAA by Korea Ratings, NICE Investors Service, and Korean Investors Service.
The proceeds will be used for operating funds of 130 billion KRW and repayment of existing corporate bonds maturing in September 2026 amounting to 70 billion KRW. This bond issuance is an additional offering under the existing shelf registration and has no shareholder dilution effect.
iM Financial Group maintains sound financial health with a consolidated BIS capital adequacy ratio of 14.64% and a non-performing loan ratio of 1.38%. Its standalone debt ratio is 44.10%, well within the 300% covenant required by the bond trust agreement.
In Q1 2026, the group posted a consolidated net profit of 158.2 billion KRW, slightly down year-on-year, but its core subsidiary iM Bank continues to generate stable earnings. The largest shareholder is Apro F&I Loan Co., Ltd. and two affiliates with a combined stake of 9.99%.
[AI Summary]iM Financial Group successfully issued 200 billion KRW in AAA-rated unsecured bonds to secure operating funds and refinance maturing debt. This debt-only funding strategy avoids shareholder dilution and strengthens the company's financial stability. Given its solid earnings and strong capital adequacy, the company is well positioned to meet its debt service obligations.