NH Investment & Securities Finalizes 152 Billion KRW Issuance of Four Equity-Linked Bonds, Low-Risk Products for Pension Funds
NH Investment & Securities has finalized the issuance of four series of equity-linked bonds ELB from 2835 to 2838 totaling 152 billion KRW, with the securities registration becoming effective on June 29, 2026. Subscription and payment will occur on a single day June 30.
Each series is linked to Samsung Electronics common stock and Korea Electric Power common stock, featuring principal protection at maturity and a pre-tax yield of around 3.75% per annum. Investors receive accrued interest at the contracted rate for early redemption before maturity.
The proceeds will be fully used for hedging and investment in high-quality debt securities to ensure stable repayment. NH Investment & Securities holds an AA+ credit rating, and as unsecured unguaranteed bonds, there is credit risk from the issuer.
[AI Summary]This issuance is a principal-guaranteed ELB targeted at retirement pension funds, suitable for investors seeking low risk and stable returns given its equity-linked nature. The issue size is negligible relative to the company's market capitalization, with no shareholder dilution or capital structure changes. Attention should be paid to credit risk despite the AA+ rating, as these are unsecured bonds.