Shinsegae Issues KRW 250 Billion Unsecured Bonds for Debt Repayment

Shinsegae publicly issues 146-1 (2-year) and 146-2 (3-year) unsecured bonds totaling KRW 250 billion (up to KRW 400 billion depending on demand forecast)
All proceeds will be used to repay existing debts (including KRW 220 billion 140-1 public bond and KRW 180 billion short-term commercial paper)
Credit rating AA0 (stable); final interest rate to be determined after demand forecast on May 21, 2026
2026 Q1 consolidated revenue KRW 1.8471 trillion (+10.88% YoY), operating profit KRW 197.8 billion (+49.49%), net profit KRW 145.4 billion (+88.54%)
Consolidated debt ratio 135.33%, down 5.58%p from year-end, improving financial structure
Completed cancellation of 200,000 treasury shares in Feb 2025 and Mar 2026 (total 400,000 shares)
Decided year-end dividend of KRW 5,200 per share (total KRW 45.5 billion) for FY2025

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