Last Year, Stock-Related Bond Exercise Amounted to 4.173 Trillion KRW... 48% Increase

[Asia Economy Reporter Lee Seon-ae] The Korea Securities Depository announced on the 12th that the amount exercised for stock-related bonds through the Depository last year reached 4.173 trillion KRW, an increase of 48.0% compared to the previous year. The number of exercises also rose by 18.1% to 7,066 cases from 5,982 cases the previous year.

Stock-related bonds such as Convertible Bonds (CB), Exchangeable Bonds (EB), Bonds with Warrants (BW), and Warrants (WR) refer to bonds that can be converted or exchanged into the issuer's stocks or stocks of other companies guaranteed by the issuer under predetermined conditions at issuance.

By type, the exercised amount for CBs increased by 39.9% to 3.1904 trillion KRW. EB amounted to 262 billion KRW, up 4.3% from the previous year, and BW rose by 150.2% to 720.6 billion KRW.

The number of exercises also increased, with CBs rising by 11.9% to 4,538 cases, EBs by 63.5% to 278 cases, and BWs by 28.1% to 2,250 cases.

The top stock-related bond exercise amounts by item were HMM 191st CB at 600 billion KRW, Hyundai Doosan Infracore 1st WR at 259 billion KRW, and HMM 199th CB at 239.8 billion KRW.

Following were ▲Doosan Heavy Industries 1st WR at 110.2 billion KRW ▲Doosan Heavy Industries 2nd WR at 83.9 billion KRW ▲CJ CGV 32nd CB at 76.1 billion KRW ▲Kiwoom Securities 1st CB at 73.1 billion KRW ▲Ecopro 19th EB at 57 billion KRW ▲GS Construction 131st CB at 54.5 billion KRW ▲KEC 5th CB at 40 billion KRW, among others.

This content was produced with the assistance of AI translation services.