Kyobo Securities Issues Additional 19.9 Billion Won in Equity-Linked Securities Based on Samsung Electronics and SK Hynix, No Dilution for Shareholders
On July 23, 2026, Kyobo Securities filed a supplementary shelf registration statement to issue two series of equity-linked securities: the 12634th series linked to Samsung Electronics common stock and the 12635th series linked to SK Hynix common stock, each amounting to 9.95 billion Korean won for a total of 19.9 billion won.
These securities are ordinary risk grade 4 products that guarantee principal at maturity or upon automatic early redemption, posing no dilution risk to existing shareholders. The issuer, Kyobo Securities, maintains an AA- credit rating, and the proceeds will be used for underlying asset hedging and other investments.
Subscription is limited to iM Bank trust clients on August 7, 2026, with the securities being unlisted and thus having limited liquidity. The issuance may be canceled if total subscription falls below 300 million won.
[AI Summary]Kyobo Securities' issuance of these equity-linked bonds is a sound funding move with no shareholder dilution, backed by the issuer's solid AA- credit rating. Investors should note principal protection but potential losses upon early redemption and limited liquidity.