Yuanta Securities ELS Additional Filing: AA- Credit Rating and Solid Financial Base Confirmed
Yuanta Securities submitted an additional filing for the issuance of derivative-linked securities revealing ELS outstanding balance of 166.4 billion KRW.
The company's equity increased slightly from the previous period to 1.88 trillion KRW with annual net profit of 85.3 billion KRW in 2025 and strong Q1 2026 profit of 65.1 billion KRW.
Credit rating maintained at AA- from Korea Ratings and NICE with loan loss provision ratio stable at 2.47% demonstrating solid financial health.
Dividends of 41.7 billion KRW were paid for fiscal year 2025 and the board resolved to cancel 6.9 million common shares and 100 thousand preferred shares totaling 62.4 billion KRW in May 2026 strengthening shareholder returns.
Past losses from HSCEI-linked ELS around 50% in 2024 and overseas rate-linked DLF with average loss of 52.7% highlight embedded product risk; the Dongyang ELS No.1551 recorded nearly 98% loss at maturity.
Pending litigations include 6 cases filed against the company with claim amount of 9 billion KRW and 11 cases initiated by the company with claim amount of 234.5 billion KRW with adequate provisions set aside.
[AI Summary]Yuanta Securities confirms solid financial standing with AA- credit rating and over 1.8 trillion KRW equity through this routine ELS filing. While historical derivative losses and litigation risks persist, strong profitability and shareholder-friendly policies including significant share buyback provide offsetting stability.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)