South Korea's knock-out volume of structured products has soared in H1 23 as a new player enters the top five issuer ranking.
Sales of equity-linked securities (ELS) dropped 11.8% to KRW16.0 trillion (US$12.5 billion) in the first half of 2023 year-on-year (YoY) while that of equity-linked bonds was stable at KRW5.9 trillion, according to the latest report from the Korea Securities Depository (KSD). The ELS volume was generated from 6,729 products with an average size of KRW2.4 billion. There were 1,038 ELBs sold, translating to an average volume of KRW5.7 billion. Together sales of over-the-counte
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