Last year, the exercise of rights for stock-linked bonds such as exchangeable bonds (EB) and convertible bonds (CB) increased compared with the previous year (2024).
According to Korea Securities Depository (KSD) on the 15th, the number of stock-linked bond rights exercises processed through the depository last year was 4,446, up 16.0% from the prior year (3,832). Over the same period, the amount exercised rose 5.3% to 4.6484 trillion won from 4.4154 trillion won a year earlier.
By type, CB rights exercises totaled 2,652, up 30.5% from the prior year (2,032). EB also increased 35.8% to 334 from 246 a year earlier. In contrast, bonds with warrants (BW) decreased 6.0% to 1,460, from 1,554 the previous year.
On an amount basis, CBs came to 2.9990 trillion won, down 3.5% from a year earlier, while EBs rose 21.4% to 1.3317 trillion won. BWs surged 51.0% to 317.7 billion won from the prior year.