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Kina Securities Ltd. ( (AU:KSL) ) has provided an update.
Kina Securities Limited has closed an oversubscribed PGK 235 million inaugural unsecured subordinated bond issue, with listing on the PNGX Debt Market under ticker KSL361 anticipated on 6 May 2026. The 10-year bonds, maturing in May 2036 with a fixed 7.55% coupon paid semi-annually, are structured as Tier 2-style subordinated debt, ranking behind secured and senior unsecured creditors but equally with other subordinated obligations.
The bonds carry a face value of PGK 50,000 and a minimum subscription of PGK 250,000, targeting institutional and wholesale investors in Papua New Guinea’s capital market. Early redemption is restricted for the first five years and is subject to specific events and approval by the Bank of Papua New Guinea, reinforcing the instrument’s role as long-term regulatory capital and signaling Kina’s deepening engagement with the domestic debt market.
The most recent analyst rating on (AU:KSL) stock is a Buy with a A$1.57 price target. To see the full list of analyst forecasts on Kina Securities Ltd. stock, see the AU:KSL Stock Forecast page.
More about Kina Securities Ltd.
Kina Securities Limited, trading on both the ASX and PNGX, operates in the financial services sector in Papua New Guinea, primarily through Kina Bank. The company focuses on banking and capital markets activities, including raising funding through listed debt securities to support its balance sheet and regulatory capital needs in the domestic market.
Average Trading Volume: 212,575
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$382.6M
Find detailed analytics on KSL stock on TipRanks’ Stock Analysis page.