Kyobo Securities to Issue 29.79 Billion Won in Three Series of Equity-Linked Derivative Bonds
Kyobo Securities will issue three series of equity-linked derivative bonds totaling 29.79 billion won on July 13, 2026. Series 12582 is linked to the KOSPI200 index with low risk rating offering an annual coupon of 7.02%. Series 12583 and 12584 are linked to Samsung Electronics and SK Hynix common stocks respectively with normal risk rating, offering annual coupons of 5.85% and 6.66% respectively.
This offering is a supplementary filing under the shelf registration. The proceeds will be used for hedging transactions and investment in financial products. The issuer's credit rating is AA- as assessed by Korea Investors Service and NICE Investors Service as of June 15, 2026.
Each security is structured to repay principal or more at maturity or upon early redemption but is not protected by the Depositor Protection Act. Early redemption may result in principal loss. Returns depend on the performance of underlying assets, so investors should be cautious.
[AI Summary]This issuance is a routine debt fundraising by Kyobo Securities with no equity dilution. Funds are allocated for hedging and investment purposes, reflecting prudent capital management. The AA- credit rating underscores strong creditworthiness and is favorable from an investor protection perspective.