iM Securities has issued hybrid securities worth a total of 50 billion won.
According to iM Securities on August 11, this new issuance of hybrid securities is also being carried out to secure additional engines for revenue generation. In July, the company issued hybrid securities worth 150 billion won.
The company’s equity capital is expected to increase to approximately 1.3 trillion won, allowing it to regain its market status as a mid-sized securities firm. Its Net Capital Ratio (NCR) is expected to improve significantly to 531%, up by 126 percentage points compared to the end of the previous year, indicating a marked enhancement in capital adequacy indicators.
The hybrid securities to be issued this time are scheduled for issuance on August 14, with all units to be acquired by iM Financial Holdings. The securities have a maturity of 30 years, an issue interest rate of 5.78%, and interest will be paid every three months. In March 2022, iM Financial Holdings also acquired 200 billion won worth of hybrid securities issued by iM Securities.
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An iM Securities official stated, “Through the issuance of hybrid securities started in July, we have been able to restore our capital base and improve our capital adequacy. We will build a foundation for sustainable growth by maximizing efficiency through proactive risk management based on secured capital.”
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