Kyobo Securities to Issue KRW 19.9B Worth of Equity-Linked Bonds (4 Tranches)
Kyobo Securities will issue a total of KRW 19.9 billion (KRW 4.975 billion each for 4 tranches) of Equity-Linked Bonds (ELB) with subscription on June 4, 2026
All 4 issues (Series 12509-12512) are principal-guaranteed (ordinary risk), with underlying assets: Samsung Electronics, Hyundai Motor, KB Financial Group, and Samsung Electronics + SK Hynix (multi)
Issue price per bond is KRW 9,950 (face value KRW 10,000), maturity around June 2029 (3 years), issued at approximately 99.5% of theoretical value
Proceeds will be used for hedging transactions and investment in financial products to ensure stable payment under the bond terms
These bonds are unlisted and not covered by deposit insurance; early redemption may result in principal loss
Kyobo Securities' credit rating is AA- (Korea Ratings/Korea Investors Service, June 2025), indicating high credit quality