Kyobo Securities Issues 9.93B KRW in Two ELS Products Linked to SK Hynix and Samsung Electronics, No Impact on Shareholder Value
Kyobo Securities will issue two types of Equity Linked Securities (ELS) (Nos. 13602 and 13603) totaling 9.93 billion KRW through subscription on June 12, 2026.
Issue 13602 is linked to SK Hynix common stock, featuring a monthly coupon of 0.9175% (11.01% p.a.), autocall barrier of 85%, and a 3-year maturity with partial principal protection (max loss 10%).
Issue 13603 is linked to Samsung Electronics and SK Hynix common stocks, offering a monthly coupon of 1.00% (12.00% p.a.) and similar redemption structure.
The issuer's credit rating is AA- (Korea Ratings, NICE Investors Service), and the securities are unsecured, unguaranteed, and not protected by the Depositor Protection Act.
Proceeds will be used for hedging activities. No dilution or capital impact on existing shareholders.
[AI Comprehensive Analysis]This disclosure represents a routine ELS issuance for Kyobo Securities, with negligible impact on the company's financials or shareholder value. Investors should fully understand the product structure and risks before investing.