Kiwoom Securities Launches KRW 27.4 Billion Public Offering for ELB Series 1308-1310, Issuer Credit Rating AA Ensures Stability
Kiwoom Securities filed a supplementary shelf registration statement on July 23, 2026 for its ELB series 1308-1310, which became effective. The total offering is KRW 27.4 billion. Series 1308 and 1309 are KRW-denominated principal-guaranteed ELBs linked to Samsung Electronics common stock, while series 1310 is a USD-denominated principal-guaranteed ELB linked to the S&P500 index.
Proceeds will be used for underlying asset transactions and hedging. The issuer's credit rating is AA as assessed by Korea Ratings, KIS Ratings, and NICE Ratings as of June 30, 2026.
The subscription period runs from July 24 to July 30, 2026, with payment and issuance on July 30 and 31 respectively. Maturity dates are February 3, 2027 for series 1308 and 1310, and August 4, 2027 for series 1309.
[AI Summary]Based on Kiwoom Securities' AA credit rating, these principal-guaranteed ELBs raise hedging funds without equity dilution or shareholder value impact. Investors can expect annual returns of 4-5% with principal protection, but should be aware of potential principal loss upon early redemption and limited liquidity.