Kiwoom Securities Issues KRW 500bn Unsecured Bonds (AA0) and Completes Share Cancellation

Kiwoom Securities issues 3 tranches of unsecured bonds totaling KRW 500bn (tranche 20-1: KRW 200bn, 20-2: KRW 250bn, 20-3: KRW 50bn) with fixed coupons of 3.935%, 4.087%, and 4.224% respectively
All proceeds (KRW 500bn) will be used to repay short-term debt including CP and electronic short-term bonds (debt redemption purpose)
Credit rating AA0 (stable) by Korea Ratings and NICE; maturity dates: 2028/05/08, 2029/05/08, 2031/05/08
On March 11, 2026, completed cancellation of 900,457 treasury shares (3.36% of total issued shares) via profit-based cancellation; final step of a 3-year plan (2024-2026) to cancel 1/3 annually
FY2025 consolidated operating profit KRW 1,488.2bn (+35.5% YoY), net profit KRW 1,115.0bn (+33.5%); NCR 1,549.25%, leverage ratio 828% (well below regulatory limit of 1,100%)
Unsecured bonds not covered by depositor protection; listing expected on May 11, 2026, limiting liquidity risk

ADVERTISEMENT (250px+)