Kyobo Securities issues the 12503rd series of equity-linked derivative bonds (low risk) linked to KOSPI200 index, with total offering of KRW 9.97 billion (issue price KRW 9,970, 1 million bonds).
This bond has a 3-year maturity (2029.06.05) with principal protection; if the underlying index is at least 70% of the initial level on each monthly observation date, it pays a coupon of 6.00% p.a. (0.50% monthly); at auto-call or maturity, it repays 100% of principal.
The issuer Kyobo Securities has a credit rating of AA- (Korea Ratings/ KIS, as of June 2025); this product is not protected by the Depositor Protection Act.
The proceeds will be used for underlying asset hedging and investment in financial products.