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Kina Securities Limited (ASX:KSL)

ALERT: Price-sensitive ASX Announcement for KSL
Current share price for KSL : $1.200 -0.11 (-8.40%)+
Announcement
Release
1 May 2026 2:45PM
Price at Release
$1.310
Full Release
download
Summary
Kina Securities Limited announced the closure and anticipated listing date of its inaugural PGK 235,000,000 Bond Issue in Papua New Guinea. The unsecured subordinated debt securities will be listed on the PNGX Debt Market operated by PNGX Markets Limited, with trading expected to commence on 6 May 2026 under the ticker KSL361. The bond offer was oversubscribed, and key terms include a maturity date of 6 May 2036, a fixed annual coupon of 7.55% payable semi-annually, and ranking as subordinated debt obligations. The bonds can be redeemed early by Kina only under specific conditions and with approval from the Bank of Papua New Guinea. The face value of each bond is PGK 50,000, with a minimum subscription of PGK 250,000.
Key Points
  • Kina Securities Limited closed the bond issue.
  • Anticipated listing on PNGX Debt Market on 6 May 2026.
  • Bond offer was oversubscribed.
  • Maturity date is 6 May 2036.
  • Annual coupon rate is 7.55%, payable semi-annually.
  • Bonds are subordinated debt obligations.
  • Early redemption possible under certain conditions.
  • Approval required from Bank of Papua New Guinea for early redemption.
  • Face value per bond is PGK 50,000.
  • Minimum subscription is PGK 250,000.
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.