Kyobo Securities has effective the prospectus for its 12596th equity-linked derivative bond linked to the KOSPI200 index as of July 8, 2026.
The issuance totals 2,985,000,000 KRW with an issue price of 9,950 KRW per security and 300,000 securities. The maturity is August 2, 2029, a 3-year product.
Monthly coupon payment condition: if the underlying asset is at least 75% of the initial strike price, a coupon of 0.655% per month 7.86% per annum is paid. Automatic early redemption occurs if the underlying is at least 90% of the initial strike on each evaluation date, repaying 100% of principal. At maturity, principal is fully protected with 100% repayment.
The issuer Kyobo Securities has a credit rating of AA- from Korea Ratings and NICE as of June 15, 2026. The raised funds will be used for hedging transactions.
[AI Summary]Kyobo Securities issues a principal-protected equity-linked derivative bond backed by its AA- credit rating, offering KOSPI200-linked returns with monthly coupons and full principal guarantee at maturity. However, coupon payments may be skipped if the index falls below 75%, and early redemption by investor request may incur principal loss. No direct dilution for existing shareholders.