trending Market Intelligence /marketintelligence/en/news-insights/trending/6npjtmsva855ovqfuywa4a2 content esgSubNav
In This List

KIWOOM Securities to raise 355.20B won via rights issuance

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


KIWOOM Securities to raise 355.20B won via rights issuance

KIWOOM Securities Co. Ltd. plans to raise 355.20 billion South Korean won via a rights issuance of redeemable convertible preferred shares.

The company will issue 3,293,173 new preferred shares, which are convertible into common shares, at 107,859 won per share, according to a Feb. 20 filing with the Korea Exchange.

The new shares will be placed with a group of institutional investors. Proceeds from the issuance will be used to increase the company's operating capital.

As of Feb. 20, US$1 was equivalent to 1,073.30 South Korean won.