Kiwoom Securities Confirms Issuance of 20 Billion KRW Principal-Guaranteed ELBs Linked to Samsung Electronics and SK Hynix
Kiwoom Securities has filed a supplementary shelf registration statement for the issuance of its 1292nd and 1293rd equity-linked bonds ELB totaling 20 billion KRW, with subscription scheduled for July 24, 2026.
The 1292nd series based on Samsung Electronics common stock offers a monthly coupon of 0.775% equivalent to 9.30% per annum, while the 1293rd series based on SK Hynix common stock offers a monthly coupon of 0.86% equivalent to 10.32% per annum. Both are principal-guaranteed low-risk products with a 3-year maturity.
This issuance is an additional offering within the existing shelf registration period, and the proceeds will be used for hedging underlying assets and investing in financial instruments.
The issuer Kiwoom Securities holds a strong AA credit rating. These securities are not protected by the depositor protection act and may incur principal losses.
[AI Summary]This is a routine issuance of structured debt by Kiwoom Securities with no shareholder dilution; the size is minimal relative to market cap, limiting capital market impact. Funds are used for hedging, making the growth purpose neutral. The issuer's AA credit rating is stable.