Issuance Results of Daishin Securities 362nd & 363rd Other Derivative-Linked Bonds (Shortfall Fully Subscribed)

Daishin Securities filed two series of low-risk other derivative-linked bonds (underlying: 3-month KTB rate) – Series 362 (183-day) and Series 363 (365-day) – each with a planned total of KRW 9.99 billion; actual proceeds were approximately KRW 4.41 billion for Series 362 and KRW 2.16 billion for Series 363, short of the target, and fully allocated to subscribers
Series 362: subscription fell below 100% of the offering (KRW 9.99bn), actual raised ~KRW 4.41bn (price KRW 9,990, 441,000 units), maturity Oct 28, 2026 (183 days), redemption: if underlying closing rate >6% then 3.110% p.a., else 3.100% p.a.
Series 363: subscription fell below 100% of the offering (KRW 9.99bn), actual raised ~KRW 2.16bn (price KRW 9,990, 216,300 units), maturity Apr 28, 2027 (365 days), redemption: if underlying closing rate >6% then 3.310% p.a., else 3.300% p.a.
Proceeds will be used to hedge early and maturity redemption amounts by purchasing similar derivative-linked bonds or investing in underlying assets and derivatives; issuance costs were approximately KRW 220,000 (Series 362) and KRW 108,000 (Series 363)

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