Kyobo Securities Issues 9.93 Billion Won in ELS Linked to SK Hynix and Samsung Electronics, No Capital Change, Neutral to Shareholder Value
On July 22, 2026, Kyobo Securities filed a supplementary shelf registration statement for its 13648th and 13649th equity-linked securities. This is a routine procedure to extend the issuance period and update references to the quarterly report.
Issue 13648 is linked solely to SK Hynix common stock, while Issue 13649 is linked to both Samsung Electronics and SK Hynix common stock. Both are principal-protected partial payment types with a maximum loss rate of 10% and are not classified as high-difficulty financial investment products. Total offering amount is 9.93 billion won.
This issuance does not involve new share issuance, so there is no dilution for existing shareholders. The proceeds will be used for hedging underlying assets and investing in financial instruments. Kyobo Securities maintains an AA- credit rating, indicating stable creditworthiness.
For fiscal year 2025, an annual dividend of 550 won per share excluding major shareholders was paid, representing a dividend yield of approximately 5.8% based on the current share price. No changes to the dividend policy have been disclosed.
[AI Summary]This ELS issuance is part of Kyobo Securities' routine funding and hedging activities, with no capital change, thus neutral to shareholder value. The AA- credit rating supports issuance credibility, and the small issuance size relative to market cap limits financial impact. Investors should be aware of the maximum 10% loss potential and liquidity risk due to unlisted status.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)