NH Investment & Securities reports issuance of 13 ELS series; actual funding only 23% of planned
NH Investment & Securities issued 13 ELS series (24711-24723); total planned amount 84.43 billion won vs actual raised 19.45 billion won (approx 23%).
Proceeds used for hedging transactions (futures, options, and underlying stock trading) to secure stable payment of redemption amounts.
Series 24711 offers monthly income (max annual 13.710% pre-tax); autocall and maturity repayment conditions may cause principal loss if underlying falls below 25% of initial price.
All series were undersubscribed; shortfall treated as non-payment and issuance concluded with partial payment.