KSD Reports 12% Decrease in Stock-Related Bond Rights Exercise in First Half Compared to Previous Half-Year

[Asia Economy Reporter Minji Lee] The Korea Securities Depository announced on the 11th that the exercise amount of stock-related bonds in the first half of this year was 1.8385 trillion won, a 12% decrease compared to the previous half-year period.

The number of exercises was 2,603, down 23.6% from the previous half-year period. Stock-related bonds refer to bonds that can be converted or exchanged into the issuer's stocks or stocks of other companies guaranteed by the issuer under certain predetermined conditions at the time of issuance.

By type, the exercise amount of CB (Convertible Bonds) was 1.2328 trillion won, a 28.7% decrease compared to the previous half-year period (1.7284 trillion won). The amount of EB* (Exchange Bonds) was 72.2 billion won, down 37.8% during the same period, while BW (Bonds with Warrants) increased by 117.1% to 533.5 billion won. The number of exercises for CB and EB were 2,404 and 110, respectively, down 40.7% and 17.9%, while BW increased by 22.95% to 1,067 cases.

Among the top stock-related bond exercise amounts by item, Doosan Heavy Industries 1st WR (384 billion won) was the highest, followed by Korean Air 92nd CB (300 billion won), and Ildong Pharmaceutical 1st CB (60 billion won).

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