NH Investment & Securities issues the 2823rd Equity-Linked Bond ELB linked to the KOSPI200 index.
The total issuance amount is approximately KRW 15.4 billion USD 9,950,000 with an issue price of USD 99.5 per bond.
The bond has a 3-year maturity with automatic early redemption features and offers a return of up to 6.6% per annum if the underlying index stays above 70% of the initial level.
The issuer NH Investment & Securities has a credit rating of AA+ from Korea Investors Service as of March 2026, indicating strong repayment capacity.
Proceeds will be used for hedging and investment in safe assets, representing debt financing with no dilution of equity.
[AI Summary]NH Investment & Securities' ELB issuance is a debt instrument linked to KOSPI200 with principal protection, providing stable returns without shareholder dilution. However, investors should consider limited liquidity due to its unlisted nature and potential principal loss upon early redemption.