Kiwoom Securities finalized the issuance conditions for its 22nd unsecured bonds on July 20, 2026, totaling 400 billion KRW (tranche 22-1: 210 billion, tranche 22-2: 190 billion), successfully doubling the initial 200 billion target due to strong demand forecast results.
The funds will be fully used to repay maturing electronic short-term bonds, enhancing the stability of the company's debt structure, and the strong AA0 credit rating facilitated smooth refinancing.
Kiwoom recorded a consolidated net profit of 477.4 billion KRW in Q1 2026, demonstrating stable profitability. It continues an active shareholder return policy with a common stock dividend of 11,500 KRW per share and cancellation of over 900,000 treasury shares.
The company maintains strong capital adequacy with an NCR of 1,848% and a leverage ratio of 868%, but faces risks from derivative-linked securities outstanding of 5.6 trillion KRW and contingent liabilities of 4.7 trillion KRW, requiring ongoing monitoring.
[AI Summary]Kiwoom Securities' 400 billion KRW bond issuance is a defensive refinancing measure to strengthen financial stability. Backed by its AA0 rating and strong institutional demand, the fundraising was successful. While shareholder returns and capital adequacy are positive, derivative and leverage risks remain areas for continuous oversight.
KOSPI Filing Information
[Confirmation of Issuance Terms] Securities Registration Statement (Debt Securities)