Kyobo Securities Issues 29.7 Billion KRW High-Risk ELS, Principal Loss Possible and AA- Credit Rating Confirmed
Kyobo Securities announced on June 8, 2026, the issuance of its 13607th equity-linked derivative security through an additional batch registration filing.
This ELS is linked to S&P500, EUROSTOXX50, and NIKKEI225 indices, with a total offering of 29.7 billion KRW in 3,000,000 securities.
The issuance price is 9,900 KRW per security, maturity on June 12, 2029, and it is classified as a high-difficulty financial investment product with potential total loss of principal.
Kyobo Securities holds an AA- credit rating from Korea Ratings and NICE, and the securities are unsecured and not protected by deposit insurance.
The raised funds will be used for hedging and investment in financial instruments, with no dilution effect on existing shareholders.
The securities are unlisted, early redemption may incur principal loss, and issuance may be cancelled if subscriptions total less than 500 million KRW.
[AI Summary]This large-scale ELS issuance by Kyobo Securities is primarily for risk hedging rather than capital raising, neutral to shareholder value. The AA- credit rating ensures reasonable credibility, but the high-risk structure exposes investors to significant potential loss. No capital dilution or dividend impact on existing shareholders, limiting the effect on equity value.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)