NH Investment & Securities Issues KRW 5 Billion Series 2834 Equity-Linked Derivative Bond Linked to Samsung Electronics and SK Hynix
NH Investment & Securities filed a supplemental shelf registration on June 29 2026 to issue the 2834th series of equity-linked derivative bonds ELB linked to Samsung Electronics common stock and SK Hynix common stock.
The issuance is for KRW 5 billion within the existing KRW 7 trillion shelf limit with an issue price of KRW 100,000 per bond and a 3-year maturity maturing on July 10 2029.
Monthly coupons of up to 12.060% per annum are paid if both underlying assets close at or above 75% of their initial strike price on each monthly observation date automatic early redemption is triggered at 100% of face value if both assets close at or above 80% of the initial strike on semi-annual evaluation dates.
At maturity if both assets are at or above 80% of the initial strike full principal is repaid otherwise principal is still protected at face value offering a maximum return of 36.180% though early redemption may result in principal loss.
Proceeds will be used for hedging activities and investment in high-grade debt securities the issuer maintains a AA+ credit rating from Korea Investors Service.
NH Investment & Securities reported 2025 standalone net income of KRW 908.3 billion and total equity of KRW 86.13 trillion with a cash dividend of KRW 1,300 per share yielding 6.13%.
[AI Summary]This KRW 5 billion ELB issuance has negligible dilution relative to market cap and the funds are allocated to hedging activities rather than speculative use. The AA+ credit rating and stable governance under NongHyup Financial Group are positive but the product carries principal loss risk and underlying asset volatility remains a key investment concern.