KSD Reports 6.7% Increase in Stock-Related Bond Exercise Cases in Q1 Compared to Previous Quarter

[Asia Economy Reporter Oh Ju-yeon] The number of exercises of stock-related bonds in the first quarter of this year slightly increased compared to the previous quarter.

On the 7th, the Korea Securities Depository announced that the number of exercises of stock-related bonds in the first quarter of this year was 682, a 6.7% increase compared to the previous quarter. The exercise amount was 327.4 billion KRW, a 3.5% decrease compared to the previous quarter (339.3 billion KRW).

The Depository explained that this is estimated to be due to the stock prices of companies issuing stock-related bonds exceeding the exercise price in January and February amid the mixed trend of the domestic securities market.

By type, the number of exercises for Convertible Bonds (CB) was 507, a 5.0% increase compared to the previous quarter; Exchangeable Bonds (EB) were 15, a 66.7% increase; and Bonds with Warrants (BW) were 160, an 8.8% increase.

Regarding exercise amounts, CB decreased by 15.4% to 248.6 billion KRW, and BW decreased by 23.8% to 25.0 billion KRW compared to the previous quarter, but EB significantly increased by 323.6% to 53.8 billion KRW.

The top stock-related bond exercise amounts in the first quarter were HL Biotech with 31 CB exercises (20.0 billion KRW), Buguk TNC with 1 EB exercise (18.9 billion KRW), and ST Cube with 5 CB exercises (17.7 billion KRW), respectively.