Strengthening Capital Soundness Indicators
Utilizing for Discovering New Growth Engines
IBK Investment & Securities has successfully issued subordinated bonds worth 100 billion KRW for the first time since its establishment.
IBK Investment & Securities announced on the 15th that it issued the "IBK Investment & Securities 1st Private Placement Bond-type Subordinated Bonds" on the 11th. The issuance amount is 100 billion KRW with an interest rate of 5.7%. The maturity date is July 11, 2054 (30 years), but a call option is granted after 5 years.
A total of five institutions, including insurance companies and pension funds, participated in the underwriting. Subordinated bonds are capital instruments recognized as capital under accounting standards, which are expected to improve capital adequacy.
With this issuance, IBK Investment & Securities expects its net capital ratio to increase from the current 479% to about 550%, significantly strengthening capital soundness and providing greater momentum for direct equity investments (PI) in small and medium-sized enterprises and discovering new growth engines.
Seo Jeong-hak, CEO of IBK Investment & Securities, said, "This subordinated bond issuance has served as an opportunity for IBK Investment & Securities to confirm and gain recognition for its trust in the market despite difficult market conditions, and it will be the cornerstone for becoming a top-tier securities firm specializing in SMEs. We will do our best to pursue both stability and profitability and become a securities firm essential to the public and small and medium-sized enterprises."
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