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Kina Securities Limited (ASX:KSL)

ALERT: Price-sensitive ASX Announcement for KSL
Current share price for KSL : $1.200 0.005 (0.42%)+
Announcement
Release
16 Mar 2026 10:42AM
Price at Release
$1.195
Full Release
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Summary
Kina Securities Limited (KSL) has announced the issuance of unsecured subordinated debt securities in Papua New Guinea, listed on the PNGX Debt Market. The bond issue aims to raise PGK 235 million, with bonds maturing on the 10th anniversary of their trading approval. These bonds, intended to qualify as Tier 2 Capital under the Bank of Papua New Guinea's prudential standards, offer a fixed annual coupon rate of 7.55% payable semi-annually. The bonds are structured to be subordinated debt obligations, ranking after secured creditors and unsecured, unsubordinated creditors, while being equal among other unsecured, subordinated creditors. The face value per bond is PGK 50,000, with a minimum purchase requirement of PGK 250,000. Optional early redemption is possible after five years, subject to specific conditions and regulatory approval. The offer is exclusively open to eligible investors in Papua New Guinea as defined by regulations.
Key Points
  • Kina Securities Limited to issue unsecured subordinated debt securities
  • Bonds listed on PNGX Debt Market
  • Total bond issue amount is PGK 235 million
  • Maturity is on the 10th anniversary of trading approval
  • Fixed coupon rate of 7.55% per annum, payable semi-annually
  • Bonds are subordinated debt obligations
  • Face value per bond is PGK 50,000
  • Minimum purchase requirement is PGK 250,000
  • Optional early redemption available after 5 years
  • Offer is only for eligible investors in Papua New Guinea
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.