Kyobo Securities Reports Issuance Results for 12573th Equity-Linked Derivative Bond Actual Subscription Rate Only 17% Reducing Fundraising Scale
Kyobo Securities reported the issuance results for its 12573th equity-linked derivative bond.
Actual funds raised were 5.08 billion KRW compared to the planned 29.85 billion KRW, a subscription rate of only 17%, significantly reducing the scale of fundraising.
The bond is a low-risk principal-protected product linked to KOSPI200, offering a monthly coupon of 0.565%, and does not dilute shareholder value.
[AI Summary]Kyobo Securities 12573th derivative bond saw low subscription reducing fundraising scale but no equity dilution as it is a debt issuance and proceeds will be used for hedging operations.