Kyobo Securities Reports ELB Issuance Results Series 12604 Raises 2 Billion Won at 2% Subscription Series 12605 Unissued Due to Low Demand
Kyobo Securities disclosed its securities issuance performance report on July 16 2026 detailing subscription and allocation results for its equity-linked derivative bonds series 12604 and 12605.
Series 12604 linked to KOSPI200 received subscriptions of 2 billion won out of the planned 100 billion won a 2% subscription rate resulting in a final issuance of 2 billion won. Series 12605 linked to Hyundai Motor common stock received no subscriptions and was not issued.
The raised 2 billion won will be used for hedging underlying assets and derivatives trading with negligible impact on existing shareholder value.
[AI Summary]Kyobo Securities ELB issuance was largely undersubscribed limiting capital raised. The small issuance has minimal financial impact and no dilution or capital structure change.