NH Investment & Securities Finalizes 4 Billion Won ELB Issue No. 2848 with Minimum 103.75% Redemption
NH Investment & Securities has finalized the issuance of its 4 billion won Equity-Linked Bond ELB Series 2848. The subscription period is on July 16 2026 only and the maturity is July 16 2027 after one year.
Although linked to Samsung Electronics and KEPCO common stocks the bond guarantees at least 103.75% of principal at maturity categorizing it as a partial principal-protected structure with investment risk grade 5 low risk.
The issuer NH Investment & Securities holds a strong AA+ credit rating but the bond is not covered by the depositor protection act so investors bear credit risk if the issuer defaults.
[AI Summary]This small 4 billion won offering has a negligible dilution effect of 0.036% relative to market cap. Proceeds will be used for hedging and the issuer credit risk is low but the product is exclusively for retirement pension accounts limiting access for general investors.