Kyobo Securities Finalizes Issuance of KRW 2.985 Billion Equity-Linked Bond with Monthly Coupon and Principal Protection, Credit Rating AA-
Kyobo Securities has filed a supplementary shelf registration statement dated July 21, 2026, to issue the 12626th series Equity-Linked Bond ELB worth KRW 2.985 billion, a low-risk principal-guaranteed product linked to the KOSPI200 index with a 3-year maturity.
The bond offers a monthly coupon of 0.6425% annual 7.71% pre-tax if the underlying stays above 75% of the initial strike and features auto-call at 90% from the 1st to 5th evaluation dates, returning 100% of principal. At maturity, principal is fully protected regardless of the underlying level.
The issuer Kyobo Securities holds an AA- credit rating from both Korea Ratings and NICE, indicating strong creditworthiness. This issuance is an add-on under an existing shelf program with no equity dilution. Proceeds will be used for hedging and financial investment.
Dividend: Kyobo Securities paid a cash dividend of KRW 550 per share to minority shareholders for FY2025.
[AI Summary]This additional ELB issuance of KRW 2.985 billion represents a routine business activity for Kyobo Securities, offering investors a monthly coupon with principal protection at maturity. While the AA- rating mitigates credit risk, the product is not covered by deposit insurance and early redemption may result in loss of principal.