Since the debut of equity-linked securities (ELS) tracking ESG indices in April, the Korean market has gone quiet on ESG .

The issuance amount of KRW11.8 billion (US$10m) was generated by a total of five local securities houses through 56 products with a typical tenor of three years, SRP data shows. By distribution channel, 45 out of them are private placements with unknown payoffs while the remaining are publicly offered products featuring worst-of option, stepdown and autocallable structures. No new issuance of ESG-linked ELS has been recorded in the Korean market since early August, SRP data shows. The pause is

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