Kyobo Securities ELB Issuance Results Poor: 12471 Raised 650M, 12472 Zero

Kyobo Securities reports issuance results for two equity-linked derivative bonds (ELB): Series 12471 and 12472
Series 12471: single underlying Samsung Electronics, planned 10 billion won, actual 650 million won (subscription rate 6.5%)
Series 12472: dual underlying Samsung Electronics and SK Hynix, planned 10 billion won, actual 0 won (fully undersubscribed)
Both issues unlisted, normal risk, principal protection with early redemption/maturity conditions at 85% of initial price
Issuance costs: 12471: 32,500 won, 12472: 0 won
Issuance may be canceled if subscriptions below 300 million won; 12471 avoided cancellation with 650 million
Proceeds to be used for hedging derivatives linked to underlying assets

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