iM Securities plans to issue 50 billion won ($35.3 million) in 30-year hybrid bonds on the 14th, with parent iM Financial Group taking the full deal, as the brokerage pushes ahead with a two-month 200 billion won capital buildup. The latest issuance, following 150 billion won ($105.9 million) raised last month, is expected to lift equity capital into the 1.3 trillion won ($917.6 million) range and raise its net capital ratio (NCR) to 531% from 405% at year-end, far above South Korea's 100% regulatory minimum for securities firms. Because hybrid bonds are recognized as capital under accounting rules, the fundraising should strengthen capital adequacy and expand iM Securities' capacity to pursue larger investment banking and real estate project financing deals. The bonds carry a 5.78% annual coupon rate paid quarterly, and iM Financial Group previously bought 200 billion won of iM Securities hybrid bonds in March 2022.