KIWOOM Securities ELB Issuance of 20 Billion Won Becomes Effective, Monthly Income Principal-Protected Products Linked to Samsung Electronics and SK Hynix
KIWOOM Securities announced on July 15, 2026 that the securities registration for its 1292nd and 1293rd Equity-Linked Bonds ELB totaling 20 billion won became effective.
The 1292nd series is a principal-protected product linked to Samsung Electronics common stock offering a monthly coupon of 0.775% annual 9.30% with a 3-year maturity and automatic early redemption features.
The 1293rd series is linked to SK Hynix common stock with a monthly coupon of 0.86% annual 10.32% also structured as principal-protected.
Proceeds will be used for underlying asset hedging and investment in financial products; the issuer holds an AA credit rating indicating stable creditworthiness.
[AI Summary]This ELB issuance is a debt-like funding without equity dilution for existing shareholders. The 20 billion won raised will be used for hedging, reducing earnings volatility in a defensive manner. The issuer's AA credit rating reflects strong credibility, but the unlisted nature and liquidity risk mean investors should be aware of potential principal loss upon early redemption before maturity.