Kyobo Securities Issues 470 Billion KRW in Equity-Linked Bonds Linked to KEPCO, Principal Protected Low-Risk Products
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Kyobo Securities is issuing four series of equity-linked bonds totaling 470 billion KRW, from series 50256 to 50261.
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Each bond is linked to KEPCO common stock, offering principal protection and annual returns between 3.8% and 4.16% at maturity.
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The issuer's credit rating is AA-, and the proceeds will be used for hedging and financial investment.
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This issuance is a debt offering with no dilution effect on existing shareholders.
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[AI Summary]New debt increases financial leverage but no shareholder dilution. Low-cost funding relative to AA- rating reduces financing expenses. Low-risk product enhances investor confidence.
KOSPI Filing Information
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Shelf Registration Supplementary Document (Derivative-Linked Bonds - Equity-Linked Derivative-Linked Bonds)
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Company: Kyobo Securities (030610)
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Submission: Kyobo Securities Co., Ltd.
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Shares: 113,962,961
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Price: 9,600 KRW
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Market Cap: 1,094 B KRW