Kina Securities stock: first coupon timetable set for KSL361 bonds

Kina Securities has set the timetable for the first coupon on its KSL361 subordinated bonds, giving bondholders a defined schedule for the initial distribution. TipRanks reported on October 20, 2026 that the bonds are listed on the PNGX Debt Market.

First distribution schedule

The initial coupon covers the period from May 6 through November 5, 2026. The record date is October 29, while the payment date is November 6. Bondholders registered at the close of business on the record date are due PGK 1,887.50 per bond, subject to applicable taxes.

Kina Securities is expected to distribute a total gross coupon of PGK 8,871,250 by electronic funds transfer. The company has also asked bondholders to keep their banking and tax details current with the registry.

Terms for income investors

KSL361 is a PGK 235 million unsecured subordinated bond issue with a fixed annual coupon of 7.55 percent, payable semi-annually. The bonds mature in May 2036, giving income-focused investors a long-dated instrument with scheduled coupon payments rather than an equity dividend.

The announcement clarifies the mechanics and timing of the first payment, but it does not by itself change the terms of Kina Securities stock or establish a new valuation for the equity. Investors should distinguish the bond's payment obligations from the company's ordinary-share distributions and consider the subordinated status when assessing credit risk.

For broader market context, see current market reports.

The coupon timetable gives holders a clear near-term cash-flow date, while the bond's unsecured subordinated structure remains relevant to risk assessment.