Issuance of 19.9 Billion Won Principal-Protected Equity-Linked Derivative Bond


  • Kyobo Securities is issuing the 12493rd equity-linked derivative bond (low risk, grade 5) linked to the KOSPI200 index, with a total issue size of 19.9 billion won (2,000,000 securities, issue price 9,950 won per security). Maturity is May 16, 2029, and it is unlisted.
  • The product is principal-protected, paying 100% of principal at maturity or upon automatic early redemption. Monthly coupons (0.435%, 5.22% per annum) are paid only if the underlying is at least 75% of initial reference price, up to 36 times.
  • Automatic early redemption conditions: Starting 6 months after issuance and every 6 months thereafter, if the underlying is at least 85% of initial reference price, the bond is redeemed early at 100% of principal. Up to 5 evaluation dates.
  • In case of investor-initiated early redemption, the redemption price is at least 95% of fair value (90% within first 6 months), and principal loss may occur.
  • Issuer credit rating is AA- (by Korea Ratings and NICE, as of 2025). In case of issuer default, principal loss is possible.
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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: 04-29-2026