Kyobo Securities 12625th Series Equity-Linked Bond Low Risk Becomes Effective KRW 2.985 Billion KOSPI200 Linked 6.30% Annual Coupon
Kyobo Securities has submitted a supplementary shelf registration statement for the 12625th series of low risk equity-linked bonds under its existing shelf registration, which became effective on July 21, 2026.
The issuance totals KRW 2.985 billion with 300,000 securities offered at an issue price of KRW 9,950 per security. The underlying asset is the KOSPI200 index, and the maturity is August 7, 2029 three years.
Auto-call condition is set at 80% of the initial price, offering an annual return of 6.30%. At maturity, if the underlying falls below 80%, principal is repaid, limiting downside risk.
The issuer Kyobo Securities holds a credit rating of AA- from Korea Ratings and NICE, reflecting stable creditworthiness. Proceeds will be used for hedging and financial investments.
[AI Summary]This ELB issuance is negligible relative to market cap with no dilution risk, clear use of proceeds, and strong issuer credit, but it carries liquidity risk due to non-listing.