Kyobo Securities Finalizes Issuance of 12602th KOSPI200-Linked ELB Worth 29.85 Billion KRW at Monthly Coupon of 0.5675%
Kyobo Securities formalized the issuance of its 12602th equity-linked bond with low risk by filing an additional shelf registration statement on July 8, 2026, which is an additional issuance within the effective period of the existing shelf registration until May 14, 2027.
The ELB worth 29.85 billion KRW is linked to the KOSPI200 index, offering a monthly coupon of 0.5675% 6.81% per annum when conditions are met, and guarantees principal repayment at maturity or upon early redemption. The proceeds will be used for hedging and financial investment, posing no dilution risk to shareholders.
Kyobo Securities paid a year-end dividend of 550 won per share to non-majority shareholders for fiscal year 2025 and maintains a strong capital adequacy ratio above regulatory requirements as of end-2025. The issuer's credit rating is AA- from both Korea Ratings and NICE, demonstrating stable creditworthiness.
[AI Summary]The 12602th ELB from Kyobo Securities is a principal-guaranteed product with no shareholder dilution risk and proceeds used for hedging, limiting financial burden. Given the stable AA- credit rating and consistent dividend policy, the product is relatively safe for investors, but credit risk from the issuer's solvency and liquidity risk due to non-listing should be noted.