Kyobo Securities Files Additional Registration for 12630th Equity-Linked Derivative Bond, Principal-Protected Issuance of 29.85 Billion KRW
Kyobo Securities filed an additional registration statement for the 12630th equity-linked derivative bond low risk grade 5 product linked to the KOSPI200 index on July 22, 2026.
The issuance amounts to 29.85 billion KRW with an issue price of 9,950 KRW per bond and maturity on August 7, 2029, featuring a principal-protected structure. Monthly coupons of 0.55% 6.6% per annum are paid if the underlying index is above 65% of the initial strike, and 100% of principal is repaid at maturity or upon early redemption.
Kyobo Securities holds a strong AA- credit rating. The bonds are not covered by depositor protection and are unlisted, limiting liquidity.
Full-year 2025 net income was 139.2 billion KRW with total equity of 2.12 trillion KRW, reflecting sound financial health.
[AI Summary]The issuance of Kyobo Securities' 12630th ELB is a principal-protected low-risk product that raises operational funds without diluting shareholder value. Given the AA- issuer rating and stable financials, investment risk is low, but investors should note liquidity constraints due to the unlisted nature.