Kyobo Securities Issues 9.95 Billion Won Equity-Linked Derivative Bond with Principal Protection and 8.5% Annual Return
Kyobo Securities is issuing the 12533th equity-linked derivative bond worth 9.95 billion won with subscription closing on June 19, 2026. Maturity is June 26, 2029, and underlying assets are Samsung Electronics and Hyundai Motor common stocks.
The bond guarantees at least principal at maturity or upon auto-call, offering up to 8.50% annual return. If the underlying assets do not meet the condition, only principal is repaid.
Issuer Kyobo Securities has a credit rating of AA- stable. Proceeds will be used for hedging and financial investment. The bond is unlisted, limiting liquidity.
[AI Summary]This ELB issuance is part of normal operations and its size is small relative to market cap, thus having negligible stock price impact. The principal-protected structure with upside potential broadens investor options, but investors should consider liquidity and early redemption risks.