NH Investment & Securities issued the 2801st series of Equity-Linked Bonds (ELB), raising only KRW 377 million, significantly lower than the reported plan of KRW 5 billion, indicating weak demand.
Principal-protected structure: monthly coupon of 0.710% (max 8.520% p.a.) if all underlying assets close above 75% of initial price; auto early redemption at 100% of face if all assets above 80%; at maturity, principal is guaranteed.
Proceeds will be used for hedging underlying assets (futures, options, etc.).
Issuance cost: KRW 18,850 as issuance fee (no underwriting fee).