Kyobo Securities Issues KRW 50 Billion Equity-Linked Bond (Low Risk) Linked to KEPCO
- Kyobo Securities issues KRW 50 billion (5,000,000 units at KRW 10,000 each) of its 50230th series equity-linked bond (low risk, grade 5). Underlying asset: common stock of KEPCO.
- At maturity (May 14, 2027), if the closing price of the underlying is at least 500% of the initial price, the bond pays 3.41% p.a.; otherwise 3.40% p.a. (pre-tax). This structure is near-principal-protected with a fixed low return.
- Credit rating of Kyobo Securities is AA- (from Korea Investors Service and Korea Ratings, June 2025). The bond is unsecured and unguaranteed, relying on the issuer's credit.
- The bond is not listed on the Korea Exchange, hence limited liquidity. Early redemption may result in principal loss (normal early redemption rate 0.90% p.a., special early redemption for retirement pensions 3.40% p.a.).
- Not covered by the Depositor Protection Act; full loss possible upon issuer default.
- Proceeds will be used for hedging the underlying asset.
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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: 05-07-2026