Kyobo Securities Issues KRW 30 Billion Equity-Linked Derivative Bond

Kyobo Securities issues the 50229th Equity-Linked Derivative Bond (ELB) worth KRW 30 billion (KRW 10,000 per bond, 3,000,000 bonds, maturity 2027.05.07).
Underlying asset: Korea Electric Power Corp (KEPCO) common stock. At maturity, if KEPCO price is below 500% of initial price, annual return 3.40%; otherwise 3.41% (probability of 500%+ is extremely low).
Issuer credit rating: AA- (Korea Ratings, Korea Credit Rating, as of June 2025).
The bond is unlisted, not covered by deposit insurance, and early redemption may incur principal loss.
Issuance/subscription/payment date: 2026.05.08, subscription limited to retirement pension funds.
Proceeds will be used for hedging underlying assets and derivatives.

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