The Korea Securities Depository noted on the 14th that the number of stock-related bond exercises in the first quarter of this year (January to March) was 623, with an exercise amount of 405.9 billion won. Compared to the fourth quarter of last year (October to December), the number of exercises increased by 5.8%, but the scale of exercises decreased by 75.9%.
Stock-related bonds refer to bonds that can be converted or exchanged for shares of the issuing company or shares of another company secured by the issuer, according to certain predetermined conditions at the time of issuance.
Regarding the exercise amount of stock-related bonds by type in the first quarter, convertible bonds (CB) accounted for the largest amount at 201.4 billion won. Exchange bonds (EB) amounted to 190.5 billion won, while bonds with stock warrants (BW) totaled 13.9 billion won.
Compared to the fourth quarter of last year, CB decreased by 81.8%, while EB and BW decreased by 65.6% and 45.3%, respectively.