NH Securities ELS Issuance Lags, Actual Raised Only 19% of Target

Total planned issuance for 11 ELS series (280-290) was 65 billion won, but actual funds raised were only about 12.23 billion won (18.8%).
Actual issuance size significantly missed the reported amount, indicating weak demand.
Proceeds will be used for hedging transactions of underlying assets.
Issuance costs were minimal at 611,580 won.

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