Kiwoom Securities Issues 100 Billion Won Principal-Protected ELB Linked to KOSPI200, Maturity 2029
Kiwoom Securities will issue its 1268th equity-linked bond ELB worth 10 billion KRW with subscription on July 10, 2026. The product is principal-protected rated level 5 low risk and linked to KOSPI200 index.
Maturity is July 12, 2029 targeting an annual return of 10.16 percent with early redemption features. If the underlying index is at or above 100 percent of initial price the maximum return is 30.48 percent.
Proceeds will be used for hedging and investment in financial products. Kiwoom Securities has a credit rating of AA from multiple agencies and this product is not covered by deposit insurance.
[AI Summary]The ELB issuance has no dilutive effect on existing shareholders and the use of funds is neutral focused on hedging rather than growth. The high credit rating of the issuer mitigates default risk but investors should be aware of liquidity risk as the bond is unlisted and not deposit insured.