NH Investment & Securities Registers Additional KRW 4 Billion ELB Issue, Principal-Protected Equity-Linked Bond Offering Up to 3.75% Annual Return
NH Investment & Securities officially registered the issuance of its 2848th Equity-Linked Bond ELB worth KRW 4 billion through a supplementary shelf filing on July 14, 2026. This additional offering within the existing shelf period features a one-year maturity linked to Samsung Electronics and KEPCO common stocks, providing a maximum annual return of 3.751%.
Classified as low-risk level 5, this ELB is effectively principal-protected: if both underlying stocks rise 300% or more from the initial price at maturity, investors receive 103.751% of principal annualized 3.751%; otherwise, 103.750% annualized 3.750%. The issuer holds an AA+ credit rating from Korea Ratings and the product is not covered by deposit insurance.
The raised KRW 4 billion will be used for hedging transactions and purchases of high-quality debt securities. In 2025, NH Investment & Securities paid a dividend of KRW 1,300 per common share with a 6.13% dividend yield and continued share buyback programs, reflecting consistent shareholder return policies.
[AI Summary]This 2848th ELB issuance is a routine funding action under the existing shelf registration. The issue size of KRW 4 billion is negligible relative to the market cap of KRW 11.1 trillion and creates zero equity dilution. Proceeds are allocated solely for hedging purposes with no direct impact on shareholder value, though the issuer's AA+ credit rating and stable earnings support product credibility.