NH Investment & Securities issues 39.6 billion won in ELS… Hedging purposes limit impact on shareholder value
NH Investment & Securities issues ELS series 24899 of 9.9 billion won and 24900 of 29.7 billion won totaling 39.6 billion won, linked to KOSPI200, S&P500, and EuroStoxx50.
These are high-risk principal non-guaranteed complex financial products with maximum loss of 100% and not covered by depositor protection.
Raised funds will be fully used for hedging to ensure stable payment of redemption amounts; no shareholder return measures such as buybacks or dividends are included.
The issuer's credit rating is AA+, strong, but the outstanding ELS balance continues to increase, expanding derivative risk exposure.
[AI Summary]NH Investment & Securities' ELS issuance is part of normal operations, causing no equity dilution or capital change; impact on shareholder value is limited due to hedging purpose, but investor risk is high due to product complexity.
KOSPI Filing Information
[Correction of Description] Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)