Stock-Related Bond Exercise Rights Increase by 11% in the First Half of This Year

[Asia Economy Reporter Lee Seon-ae] The amount exercised for stock-related bonds through the Korea Securities Depository in the first half of this year was 2.0831 trillion KRW, an increase of 10.6% compared to the second half of last year.

According to the Depository on the 12th, the amount exercised by type was 1.462 trillion KRW for Convertible Bonds (CB), a 5% decrease. On the other hand, Exchangeable Bonds (EB) increased by 10% to 146.2 billion KRW, and Bonds with Warrants (BW) rose by 124.9% to 474.9 billion KRW.

The top exercised amounts by item were HMM CB at 239.8 billion KRW, Doosan Infracore BW at 233.2 billion KRW, and Doosan Heavy Industries BW at 83.5 billion KRW.

The number of exercises for stock-related bonds was 3,660, a 7.5% decrease compared to the previous half-year period.

By type, the number of exercises for CB was 2,134, down 18.4%. EB and BW increased by 19.0% and 13.5%, respectively, with 144 and 1,382 cases.

Stock-related bonds are bonds that can be converted or exchanged into the issuer's stock or stocks of other companies guaranteed by the issuer under predetermined conditions at issuance.