NH Investment & Securities Raises 81.49 Billion KRW via ELS for Hedging, No Shareholder Dilution
NH Investment & Securities raised 81.49 billion KRW through the issuance of its 24853th Equity-Linked Securities ELS. This accounts for 90.54% of the initially planned 90 billion KRW, with 100,000 units allocated at an issue price of 81,490 KRW each.
The proceeds will be used for hedging transactions involving derivatives and stocks related to the underlying assets, ensuring stable fulfillment of repayment obligations. As these are derivative-linked securities without equity conversion, no dilution of existing shareholders occurs.
Subscription results showed 57 subscriptions totaling 81.49 billion KRW. The product features automatic early redemption conditions set at 80% to 70% of the initial reference price for each underlying asset. At maturity, a maximum return of 130% is possible, but principal loss may occur if any underlying asset falls below 45% of its initial price.
[AI Summary]NH Investment & Securities' ELS issuance is a hedging-related fundraise with no shareholder dilution. Investor returns depend on the creditworthiness of NH Investment & Securities and market volatility of underlying assets. This is not a capital expansion but a funding source for derivative operations.