Kyobo Securities Issued KRW 4.619bn in Series 50229 ELN (Below Target of KRW 30bn)

Kyobo Securities issued its Series 50229 equity-linked derivative bond (low risk). Underlying: KEPCO common stock, 1-year maturity, unlisted, cash settlement.
Actual proceeds raised: KRW 4.619 billion, significantly below the planned KRW 30 billion (subscription rate ~15.4%).
Maturity redemption: if underlying closes at ≥500% of initial price, annual return 3.41%; otherwise 3.40%. Effectively a fixed 3.40% return.
Issuance expenses: only KRW 230,950 in issuance contribution, no underwriting fees.

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