Financial Services Commission “No impact on the bond market due to the amount of won … There are only a few investors”
(Seoul = Yonhap Infomax) Reporter Jeong Ji-seo = After Heungkuk Life, DB Life also postponed the exercise of the call option on the new equities.
In response to the succession of domestic insurance companies not exercising call options, financial authorities quickly began to evolve the market.
According to the investment banking industry (IB) on the 3rd, DB Life changed the call option date of the 30 billion won of new equity securities scheduled for this month’s 13th to May next year.
Previously, DB Life Insurance issued new won-denominated equity securities to preemptively strengthen financial strength in 2017 and granted an early redemption call option five years later.
However, in consideration of recent market conditions, the contract was amended by agreeing with the investors to postpone the redemption time of the call option.
As the controversy over domestic insurance companies’ non-exercise of call options has spread to the market, financial authorities have rushed to evolve the market.
On the same day, the FSC issued an unscheduled press release stating: “The right of early redemption has been postponed following preliminary consultations between DB Life and the investors and the right of early redemption has not been exercised.” . , and it has nothing to do with foreign investors. “
He added: “There are only a small number of investors in the new equities and they are not circulating in the market,” he added.
Meanwhile, the Financial Services Commission, together with the Financial Supervisory Service, plans to continuously monitor the market situation in relation to DB Life’s new equity securities.
[email protected]
(End)
This article was posted at 5:11 pm, two hours earlier, on the Infomax financial information terminal.
Copyright © Yonhap Infomax Unauthorized reproduction and redistribution prohibited
