Kyobo Securities Issues KRW 20bn ELBs Linked to KOSPI200 (Low Risk, Principal Protected)
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Kyobo Securities (credit rating AA-) issues two series of equity-linked bonds (ELB) linked to KOSPI200, totaling KRW 20bn (KRW 10bn each)
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Maturity 3 years (May 16, 2029), non-listed, not deposit-protected, subject to issuer credit risk
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Series 50227 (low risk): at maturity, if KOSPI200 >=100% of initial, repays 121.4%; if <100%, repays 103% (minimum return 3%)
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Series 50228 (low risk): at maturity, if >=100%, repays 124.3%; if <100%, repays 100.5% (minimum return 0.5%)
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Early redemption: if closing price >=100% on any evaluation date; step-up yields apply
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Issuance expenses KRW 500mn, net proceeds approx KRW 19.999bn (KRW 9.9995bn each)
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Remaining shelf registration capacity KRW 484.5bn
KOSPI Filing Information
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Filing: Shelf Registration Supplementary Document (Derivative-Linked Bonds - Equity-Linked Derivative-Linked Bonds)
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Company: Kyobo Securities (030610)
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Submission: Kyobo Securities Co., Ltd.
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Receipt: 04-30-2026