NH Investment & Securities Issues Two ELS Worth 19.8 Billion Won for Hedging Purposes, Limited Impact on Shareholder Value
NH Investment & Securities filed a supplementary registration statement on June 19, 2026, for the public offering of two Equity-Linked Securities, issues 24899 and 24900, each 9.9 billion won, totaling 19.8 billion won, linked to KOSPI200, S&P500, and EuroStoxx50 indices.
The proceeds will be used for hedging transactions to ensure stable payment of redemption amounts, including purchases of high-grade debt securities, deposits, and trading of derivatives related to the underlying assets.
No dilution to existing shareholders occurs, but these are high-complexity non-principal protected products with potential total loss of principal; investors should consider the issuer's credit rating AA+ from Korea Ratings.
The securities are not listed and not covered by deposit insurance, posing liquidity and principal loss risks.
[AI Summary]This ELS issuance does not dilute existing shareholder value and the funding purpose is limited to hedging without growth catalyst. The counterparty risk is low due to AA+ credit rating, but the product carries high investment risk including full principal loss.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)