Kiwoom Securities' 672nd Derivative Bond Issuance: Only 8.7B Raised vs. Target 30B

Kiwoom Securities issued its 672nd Dream Public Offering Derivative Combined Bond (Equity-Linked Derivative Bond). Against the reported total offering of 30 billion won, actual funds raised were 8,695,360,000 won (~8.7 billion), representing a subscription rate of about 29%.
Issuance price per bond: 10,000 won; number of bonds issued: 869,536 (significantly lower than the planned 3,000,000).
Underlying asset: Samsung Electronics common stock. Principal-protected structure with maturity of 1 year and annual return of approximately 3.35%.
Non-listed, electronic registration. The issuance could be canceled if total subscription amount is below 500 million won (exceeded, so issuance proceeded).
Funds raised will be used for hedging derivative transactions.

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