NH Investment & Securities has issued 16 derivative-linked bonds (DLBs) with a tenor longer than 15 years through private placements, which derived around KRW560 billion (US$494m) – translating to 93.3% of its total sales of DLB and derivative-linked securities (DLS) in Q1 21.
The surge, which was mainly recorded in January, elevated NH in the country’s league table as the fourth most active issuer of DLB/DLS with a market share of 11.6% in the first quarter. Back in Q4 20 and Q1 20, the amount only came in KRW100 billion and KRW400 billion, respectively, according to the securities house’s Q1 FY21 earnings release. Among the offerings, the NH DLB 1469 was the best-selling structure at KRW113.2 billion – the product struck on 30 March.
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