Kiwoom Securities Issues 2 Types of Equity-Linked Bonds Based on Samsung Electronics (Actual Raised 9.19 Billion KRW)

Kiwoom Securities issued two types of equity-linked bonds (ELB) based on Samsung Electronics common stock (Series 1172 and 1173).
Actual funds raised totaled 9.19 billion KRW (Series 1172: 6.60 billion, Series 1173: 2.59 billion), compared to planned 19.9 billion per series.
Bonds are unlisted, face value 10,000 KRW, issue price 9,950 KRW, maturity May 9, 2029.
Early redemption conditions: Series 1172 at 75% of initial price (semi-annual, ~4.95% p.a.), Series 1173 at 80% (~5.65% p.a.).
At maturity, if stock price is above 75% (1172) or 80% (1173), pay 114.85%/116.95% of principal; otherwise, full principal.
Issuance was partial due to low subscription; cancellation condition (under 1 billion) not triggered.
Proceeds to be used for hedging transactions.

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