KSD, Q3 Stock-Related Bond Exercise Amount...27.9% Decrease from Previous Quarter

[Asia Economy Reporter Lee Seon-ae] The Korea Securities Depository announced on the 27th that the exercise amount of stock-related bonds in the third quarter decreased by 27.9% compared to the second quarter.

The exercise amount of stock-related bonds in the third quarter was 805.4 billion KRW, down 27.9% from the previous quarter (1.1168 trillion KRW), while the number of exercises increased by 7.0% to 2,040 from 1,906.

The exercise amount of convertible bonds (CB) in the third quarter was 590.6 billion KRW, a 3.8% decrease from the second quarter (614.0 billion KRW). Exchangeable bonds (EB) and bonds with warrants (BW) also decreased by 24.9% and 63.8%, respectively, compared to the second quarter (84.1 billion KRW, 418.7 billion KRW).

The number of CB exercises was 1,499, a 67.3% increase from the second quarter (896). EB and BW were 95 and 446, respectively, down 4.0% and 51.0% from the second quarter (99, 911).

The top stock-related bond exercise amounts in the third quarter were △CJ CGV 32nd CB (68.3 billion KRW) △Doosan Heavy Industries & Construction 2nd WR (58.9 billion KRW) △DSK 6th CB (30.2 billion KRW), respectively.