Shinyoung Securities Issues 13 ELBs Worth 148.2 Billion Won
Shinyoung Securities issues 13 types of Equity-Linked Bonds (ELB) totaling 148,243,245,000 won on May 18, 2026.
Subscription and payment date is May 18, 2026 only, with maturities ranging from August 2026 to May 2029 by series.
Underlying assets include S&P500, KOSPI200, Samsung Electronics common stock, and SK Hynix common stock; some series are USD-denominated.
Issuer credit rating is AA- (stable) assessed by Korea Ratings and NICE Ratings on May 14, 2025.
All series are principal-protected (no knock-in) structures, paying principal plus contracted yield (2.75%~5.85% p.a.) at maturity or upon autocal.
Investment risks include no deposit insurance protection, potential principal loss upon early redemption, FX risk, and issuer credit risk.
Proceeds will be used for hedging transactions (futures/options on underlying, bond purchases, etc.).
Minimum subscription amounts: KRW 3 million for won-denominated series, USD 1,000 for USD-denominated series; issuance may be cancelled if subscriptions fall short.