Kyobo Securities Issues KRW 100bn Principal-Protected ELB (12349th)
- Kyobo Securities (AA- credit rating) issues its 12349th equity-linked bond (normal risk) worth KRW 100bn (1,000,000 bonds at KRW 10,000 each)
- Underlying: KB Financial common stock; maturity 3 years (Feb 20, 2029); principal-protected (pays 100% face value even if underlying falls below 95% of initial price at maturity)
- Monthly coupon of 0.61% (7.32% p.a.) paid if underlying ≥ 85% of initial price on evaluation date (up to 36 times, max total 21.96%)
- Automatic early redemption: every 6 months if underlying ≥ 95% of initial price, bond redeemed at 100% face value (up to 11 times)
- Not listed; early redemption at ≥95% of fair value (≥90% within first 6 months); credit risk of issuer and liquidity risk
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KOSPI Filing Information
- Filing: Shelf Registration Supplementary Document (Derivative-Linked Bonds - Equity-Linked Derivative-Linked Bonds)
- Company: Kyobo Securities (030610)
- Submission: Kyobo Securities Co., Ltd.
- Receipt: 02-04-2026