Kyobo Securities Issues 50258th Equity-Linked Bond, Actual Subscription at 42.77% Raising 128.3 Billion KRW
Kyobo Securities completed the issuance of its 50258th equity-linked derivative bond with total subscription of 12,829,930,000 KRW, only 42.77% of the planned 30 billion KRW, resulting in partial payment.
The bond is linked to KEPCO common stock and offers a fixed yield of approximately 3.80% per annum with low risk.
Proceeds will be used as resources for trading derivatives and stocks related to the underlying asset for hedging purposes.
[AI Summary]This issuance saw relatively low demand but involves debt financing, so no dilution for existing shareholders. The funds are used for hedging operations, which may not directly enhance profitability.