Kyobo Securities' 12456th ELB Issuance Poor: Only 5% of Planned Amount Raised

Kyobo Securities' 12456th Equity Linked Bond (ELB) issuance raised only KRW 472 million (47,400 securities at KRW 9,950 each), which is just 4.74% of the planned KRW 9.95 billion total offering.
The product is a non-listed, 3-year maturity (May 2, 2029) principal-protected ELB linked to KOSPI200, with 5 early redemption evaluation dates.
Proceeds will be used for hedging related derivatives and stock trading; issuance expenses were KRW 23,580.
Minimum subscription condition (KRW 300 million) was met at KRW 472 million, allowing the issuance to proceed.

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