New issuance of derivatives-linked bonds (DLBs) reached a record low in H1 2022 while the outstanding balance rockets.
Shinyoung Securities surfaced in the league table for the first time. The sales volume of DLBs reach a low of KRW3.5 trillion in South Korea in the first half of 2022 despite a stronger momentum in the second quarter, which was down 54.7% year-on-year (YoY), according to the latest report from the Korea Securities Depository (KSD). In the meantime, sales volume of derivative-linked securities (DLS), which do not offer full principal protection unlike DLBs, dropped 33% to KRW2.1 tri
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