DistantNews
Support us
iM Securities to Issue 150 Billion Won in Perpetual Capital Securities to Boost Competitiveness
🇰🇷 South Korea /Economy & Trade

iM Securities to Issue 150 Billion Won in Perpetual Capital Securities to Boost Competitiveness

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • iM Securities plans to raise 150 billion won by issuing perpetual capital securities to strengthen its equity base.
  • The company intends to use the capital to enhance its competitiveness in investment banking, bond management, and over-the-counter derivatives.
  • The issuance will occur in two tranches: 60 billion won and 90 billion won, with the process expected to conclude this month.

iM Securities is set to bolster its financial standing by issuing 150 billion won (approximately $110 million) in perpetual capital securities. This move aims to expand the company's equity base, a crucial step for a mid-sized securities firm seeking to enhance its competitive edge in key business areas.

The newly acquired capital will be strategically deployed to strengthen iM Securities' capabilities in investment banking (IB), bond management, and the over-the-counter derivatives market. The company views this expansion as vital for solidifying its position as a significant player in the financial industry.

The issuance is structured in two parts: an initial 60 billion won tranche followed by a 90 billion won tranche. This phased approach allows for careful management of the capital infusion. The company expects the entire issuance process to be completed within the current month, signaling a swift execution of its financial strategy.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog