NH Investment & Securities Reports Issuance Results for Two ELBs (KRW 4.9B for 2804, KRW 1.1B for 2805)
NH Investment & Securities filed a securities issuance report for two equity-linked bonds (ELBs): Series 2804 and 2805.
Series 2804 ELB: actual funds raised KRW 4,914,017,833 (33.5% of the KRW 14,657,345,000 stated in the registration statement).
Series 2805 ELB: actual funds raised KRW 1,073,986,045 (7.3% of the registered amount).
Proceeds will be used for hedging transactions (futures, options, etc.) in underlying assets.
Series 2804: monthly coupon 0.570% (pre-tax annual 6.840%), early redemption barrier 85%, principal protected at maturity (100% principal even if below 85%).
Series 2805: monthly coupon 0.500% (pre-tax annual 6.000%), early redemption barrier 80%, principal protected at maturity (100% principal even if below 80%).
Issuance costs: KRW 299,390 for issuance fee; no underwriting fees or guarantee fees.