Kyobo Securities 12587th Stock-Linked Bond Issuance of 9.95 Billion KRW Becomes Effective, Featuring 101% Principal Protection and AA- Credit Strength
Kyobo Securities 12587th stock-linked bond became effective on July 1 2026 with a total offering of 9.95 billion KRW. Linked to KOSPI200 index, it offers annual 6.80% return if index stays above 80% of initial level, while guaranteeing at least 101% of principal in downside scenarios.
The issuer Kyobo Securities holds an AA- credit rating from Korea Ratings and NICE as of June 15 2026, but the bond is unsecured and not protected by depositor insurance.
Proceeds will be used for hedging and investment in underlying assets and derivatives to ensure repayment obligations.
The bond matures on July 24 2029 and is not listed on an exchange, so early redemption may incur losses.
[AI Summary]This issuance represents a routine ELB offering from Kyobo Securities, providing a balanced risk-return profile with principal protection and AA- credit quality. Investors should consider liquidity risk and market volatility.