NH Investment & Securities' ELS Issuance: Two of Three Issues Undersubscribed or Cancelled, Only 98.9 Billion Won Raised
- NH Investment & Securities reported issuance results for three equity-linked securities (ELS): Issues 24648, 24649, and 24650.
- Issue 24648: Actual raised 9.89 billion won vs. planned 9.9 billion (99.9%), slight shortfall.
- Issue 24649: Actual raised 2.35 billion won vs. planned 14.75 billion (15.9%), significant shortfall.
- Issue 24650: Entire subscription canceled due to insufficient demand.
- Total actual raised: 12.24 billion won out of planned 39.39 billion (31.1%).
- Proceeds will be used for hedging transactions (futures, options on underlying assets).
- Each ELS features 1-5 auto-call conditions (underlying assets above 65-70%) and principal loss if below 60% at maturity.
- Weak issuance suggests depressed market demand or reduced product competitiveness.
ADVERTISEMENT (250px+)
KOSPI Filing Information
- Filing: Securities Issuance Performance Report
- Company: NH Investment & Securities (005940)
- Submission: NH Investment & Securities Co., Ltd.
- Receipt: 05-04-2026