Samsung Card Issues 1.5 Trillion Won in Unsecured Bonds (AA+ Rating, Operating Funds)

Samsung Card (AA+ rating) issues 1.5 trillion won in unsecured bonds (Series 2862-2865) for operating funds (merchant payment, etc.)
2025 net profit: 645.9 billion won (down 2.8% YoY), adjusted equity ratio: 30.36%, delinquency rate: 1.02%, loan loss reserve ratio: 104.47%
Outstanding corporate bonds: 13.65 trillion won, remaining shelf capacity: 10.8 trillion won
Major business risks: economic downturn, merchant fee cuts and regulatory tightening, intensifying competition among card companies, fintech and changing financial environment
Major company risks: high reliance on borrowings (bonds 67%), related party transactions (Samsung Life stake 71.86%), information security risks, lawsuits (43 cases, 968 million won)
Credit rating: AA+ (stable) as of March 2026

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