Kyobo Securities Issues 29.85 Billion Won Equity-Linked Debt Security with AA- Credit Rating and Principal Protection
Kyobo Securities submitted a prospectus on July 15, 2026 for the issuance of its 12617th equity-linked debt security. This product is linked to the KOSPI200 index and is principal-protected at maturity with a low-risk rating.
The total issuance amount is 29.85 billion KRW with an issue price of 9,950 KRW per security for 3 million securities. Subscription is limited to Hana Bank trust customers.
The issuer's credit rating is AA- from both Korea Ratings and NICE Ratings, and the bonds are unsecured and unguaranteed.
Proceeds will be used for hedging underlying assets and investing in financial instruments.
[AI Summary]This debt security is principal-protected with no direct dilution to existing shareholders but increases the issuer's leverage. With a strong AA- credit rating and low risk profile, it is a stable product, though coupon payments depend on market conditions.