Kyobo Securities Finalizes Issuance of 12562nd Series ELB for 8.2 Billion KRW, Subscription Rate at 82.48%
Kyobo Securities confirmed the issuance results for its 12562nd series Equity-Linked Derivative Bond, with a total subscription of 8.2076 billion KRW against a 9.95 billion KRW offering, achieving an 82.48% subscription rate.
The proceeds will be used as hedging resources for derivatives and stock trading related to the underlying asset, SK Hynix common stock.
The bond is unlisted with a 3-year maturity and a monthly coupon of 0.90%. This debt issuance has negligible dilution impact on existing shareholders.
[AI Summary]Kyobo Securities finalized a small-scale ELB issuance of 8.21 billion KRW with partial subscription, using funds for hedging purposes. The debt instrument has minimal impact on shareholder value given its size relative to market cap.