KSL.ASX: Close and anticipated listing date of Bond Issue in PNG

Close and anticipated listing date of Bond Issue in PNG

Stock	Kina Securities Ltd (KSL.ASX)
Release Time	1 May 2026, 2:45 p.m.
Price Sensitive	Yes

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Kina Securities Ltd announces close and listing of PGK 235M bond issue

Key Points

Kina Securities Ltd has closed the issue and listing of its PGK 235 million unsecured subordinated debt securities on the PNGX Debt Market
The bonds have a maturity date of 6 May 2036 and a coupon rate of 7.55% per annum, payable semi-annually
The bond issue was oversubscribed

Full Summary

Kina Securities Limited (ASX:KSL | PNGX:KSL) has announced that it has closed the issue and listing on the PNGX Debt Market operated by PNGX Markets Limited of its unsecured subordinated debt securities pursuant to an information memorandum (Bonds). The listing on the PNGX Debt Market is anticipated on 6 May 2026. The Bond Issue was achieved on the terms contained in Kina's announcement of 16 March 2026, with the listed corporate bond offer being oversubscribed. The key terms of the Bond Issue are as follows: the amount of the Bond Issue is PGK 235,000,000.00, the Maturity Date is 6 May 2036, the Coupon is 7.55% fixed per annum, payable semi-annually (on 6 November and 6 May), the Bonds are subordinated debt obligations of Kina, the Face value is PGK 50,000.00, and the Minimum Subscription is PGK 250,000.00. The Bonds can be redeemed early in certain circumstances, subject to the approval of the Bank of Papua New Guinea. The documentation for the Bond Issue comprises a Deed Poll dated 16 March 2026.