Kyobo Securities Securities Issuance Performance Report: Series 50264 and 50265 ELS Issuance with Low Subscription Rates of 0.91% and 6.93%
Kyobo Securities reported the issuance results for its Series 50264 and 50265 equity-linked derivative bonds ELBs.
Compared to the planned total of 10 billion KRW per series, actual subscriptions were 90.61 million KRW 0.91% for Series 50264 and 692.87 million KRW 6.93% for Series 50265, indicating very low subscription rates.
The proceeds will be used for hedging activities involving the underlying KOSPI200 index derivatives and stock trading.
These bonds are unlisted and have no dilutive effect on existing shareholders.
[AI Summary]This issuance performance report confirms low subscription rates relative to initial targets, with total funding insignificant compared to market cap, limiting direct stock price impact. Proceeds are allocated for hedging purposes and do not materially alter credit ratings or financial soundness.