Kiwoom Securities Sells ‘DL Energy 11-1 Bond’ at Original Issuance Rate

Kiwoom Securities announced on the 26th that it will sell DL Energy 11-1 bonds at the pre-tax annual interest rate of 3.96%, which is the same as the issuance rate.

On the 26th, Kiwoom Securities announced that it will sell DL Energy 11-1 bonds at a pre-tax annual interest rate of 3.96%, the same as the issuance rate.

DL Energy is an intermediate holding company responsible for power generation business within the DL Group, owning 55.6% of Pocheon Power, which operates a 1560MW domestic LNG power plant. Korea Ratings upgraded DL Energy’s credit rating from ‘A/Stable’ to ‘A/Positive’ at the end of last month, citing improvements in the operating performance and financial stability of its main subsidiary Pocheon Power, as well as favorable investment results from overseas power projects in Australia, Chile, and the United States.

Kiwoom Securities will sell part of the 11-1 bonds issued by DL Energy on the 12th of this month to general investors over-the-counter. These coupon bonds pay interest every three months, with a pre-tax yield of 3.96% and an after-tax yield of 3.35%. The maturity date is June 12, 2026, and investors will earn returns as long as DL Energy does not default or go bankrupt within the next approximately two years.

When bonds are sold over-the-counter, even the same bonds can be sold at different yields depending on the securities company and the day. Unlike funds, no separate sales fees are charged, and from the seller’s perspective, to maximize margin, bonds are sold to investors at lower purchase yields.

Kiwoom Securities is selling the DL Energy 11-1 bonds at the original issuance interest rate. A Kiwoom Securities official stated, “As an online securities company, we adopt a low-margin, high-volume strategy by offering a wider variety of bonds at better prices for customers to find and purchase on their own.” He added, “Although individual investors, often called bond ants, may initially need assistance from sales staff recommending bond investments, once they become familiar with bond trading, they will be able to easily compare interest rates, so this strategy will work well.”

The bonds can be purchased through Kiwoom Securities’ stock trading mobile app, Youngwoongmun S#, or on the Kiwoom Securities website under Financial Products > Bonds > OTC Bonds. If you have no prior bond trading experience with Kiwoom Securities, you can apply for the Kiwoom Bond 10,000 Won Dream event to receive a 10,000 Won bond coupon to use for bond purchases.

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