Kyobo Securities 12597th ELB Prospectus Becomes Effective Principal Protected Monthly Coupon Structure with AA- Credit Rating
Kyobo Securities has made effective its prospectus for the 12597th equity-linked derivative bond on July 8 2026.
This principal-protected low-risk instrument linked to the KOSPI200 index offers monthly coupons of 0.755% annualized 9.06% if the index stays above 75% of the initial strike with full principal repayment at maturity or upon autocall at 100% of face value.
The issuer Kyobo Securities holds AA- credit ratings from both Korea Ratings and NICE Investors Service indicating strong creditworthiness and there is no equity dilution or capital structure change from this issuance.
The total offering amounts to 9.97 billion KRW and the bonds are unlisted investors may request early redemption at 95% of fair value which could result in principal loss.
[AI Summary]This principal-guaranteed ELB issued by Kyobo Securities with AA- rating carries coupon risk if the underlying index falls but offers principal protection at maturity. No shareholder dilution occurs but illiquidity and early redemption haircut are key risks for investors.