NH Investment & Securities Issues 3 ELS Tranches Worth 39.6B KRW for Hedging
NH Investment & Securities will issue three ELS tranches (Nos. 24793-24795) totaling 39.63 billion KRW (No. 24793: 9.9B KRW, Nos. 24794 & 24795: 14.87B KRW each) with subscription date on June 12, 2026.
Tranche 24793 is KRW-denominated (KRW 9,900 per security), while 24794 and 24795 are USD-denominated (USD 99 per security), all maturing on June 11, 2029.
Underlying assets: S&P500, Nikkei225, EuroStoxx50 (for 24793 & 24794) or EuroStoxx50 and S&P500 (for 24795); all are principal-protected type high-difficulty financial products with up to 100% loss.
Proceeds will be used for hedging (purchasing high-quality bonds, trading equity futures/options) to ensure stable repayment; no equity capital impact.
The issuer's credit rating is AA+ (Korea Investors Service). The securities are not deposit-protected and are unlisted, implying liquidity risk.
[AI Comprehensive Analysis]This disclosure represents a routine ELS issuance as part of NH Investment & Securities' normal operations, with no direct effect on the company's financial structure or shareholder value. While the 39.6 billion KRW issuance may contribute to short-term profitability, investors should note the risks and costs associated with selling high-difficulty financial instruments.