Kyobo Securities Issues KRW 20 Billion Equity-Linked Bond (KEPCO-linked, Principal Protected)

Kyobo Securities issues KRW 20 billion of Series 50231 Equity-Linked Bonds (ELB), underlying asset is KEPCO common stock, maturity on May 21, 2027
The bond is principal-protected (low risk); at maturity, if underlying closes at or above 500% of initial price, pays 3.41% p.a., otherwise 3.40% p.a. (pre-tax)
Issue price per bond is KRW 10,000; subscription limited to retirement pension funds, conducted only on May 22, 2026
Issuer credit rating AA- (Korea Ratings & NICE, as of June 2025); bonds are unsecured and not covered by deposit insurance
Proceeds will be used for hedging the underlying asset and investing in financial instruments

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