Q3 Rights Exercises for Equity-Linked Bonds Total 425.4 Billion Won, Down 71% QoQ
The amount of rights exercised for equity-linked bonds through the Korea Securities Depository fell sharply in the third quarter of this year.
According to the Korea Securities Depository on October 15, there were 432 exercise cases, down 67.8% from the previous quarter, while the exercise amount totaled 425.4 billion won, down 71%.
By type, convertible bonds (CB) accounted for 254 exercise cases, down 54.4% from the previous quarter, while exchangeable bonds (EB) accounted for 52 cases, down 72.8%, and bonds with warrants (BW) accounted for 126 cases, down 78.8%.
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By type, the exercise amount for CBs was 219.4 billion won, down 66.5% from the previous quarter, while that for EBs was 91.4 billion won, down 87.9%. In contrast, the exercise amount for BWs was 114.6 billion won, up 93.9% from the previous quarter.
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