Daishin Securities Prospectus Becomes Effective for 427th and 428th Derivative-Linked Bonds Total Issuance of KRW 19.96 Billion in Unlisted Structured Debt
Daishin Securities announced on July 15, 2026 that the registration statement for its 427th and 428th series of other derivative-linked bonds became effective.
The 427th series has a 184-day maturity linked to the 3-month Korean Treasury bond rate offering annual returns of 3.610% if the final rate exceeds 6% or 3.600% otherwise. The 428th series has a 365-day maturity with the same underlying offering annual returns of 3.910% or 3.900%.
Each series is issued for KRW 9.98 billion totaling KRW 19.96 billion with subscriptions limited to Woori Bank trust customers. Proceeds will be used for underlying asset trading and hedging activities.
Daishin Securities maintains strong creditworthiness with AA- ratings from Korea Ratings NICE Investors Service and Korean Credit Ratings.
[AI Summary]This derivative-linked bond issuance is a debt financing with no direct dilution for existing shareholders. Funds raised will support routine hedging and investment operations consistent with the company's business. While the AA- credit rating suggests stable repayment capacity these unsecured unlisted securities lack deposit protection and have low liquidity requiring investors to be aware of potential principal losses.