Kyobo Securities files supplementary shelf registration for a KRW 10 billion equity-linked bond tied to Hyundai Motor stock
On July 1, 2026, Kyobo Securities submitted a supplementary shelf registration statement for the issuance of the 12586th equity-linked derivative bond linked to Hyundai Motor common stock.
The issuance amounts to KRW 10 billion with a face value and issue price of KRW 10,000 per security, maturing on July 12, 2029. Monthly coupon payments of 0.6825% are conditional on the underlying asset closing price being at least 65% of the initial reference price, with 11 autocall opportunities at 75% of the initial price.
The issuer, Kyobo Securities, holds an AA- credit rating and the proceeds will be used for hedging activities and financial investments. These securities are not protected by the depositor protection act and are unlisted, limiting their liquidity.
[AI Summary]Kyobo Securities' 12586th ELB is a 3-year principal-protected product linked to Hyundai Motor stock, though early redemption may incur principal loss. The issuer's solid AA- rating provides credit quality, but the product's unlisted nature and structural complexity require investors to fully understand the associated risks.