Hana Securities leads Q1 ELS issuance, no appearance from HSI

The Hang Seng Index (HSI) did not emerge as an underlier. Sales of equity-linked securities (ELS) stood at KRW6.7 trillion (US$5.1 billion) at the end of Q1 23, down 27.9% year-on-year (YoY), reflecting a decrease in issuance during the first three months of the year, according to the latest report from the Korea Securities Depository (KSD).   Meanwhile, 491 equity-linked bonds (ELBs) sold KRW3.0 trillion, an increase of 10.3% YoY. The combined volume of ELS and ELBs fell 19.4% to K