Korea’s ELS issuance edges up, outstanding goes down

The outstanding balance of equity-linked securities (ELS) and equity-linked bonds (ELBs) slid in 2023 after seeing a rapid surge in the prior year, according to the Korea Securities Depository (KSD)’s report released on Monday, 22 January. More than KRW66.7 trillion ELS and ELBs were redeemed in 2023, up almost 50% from the prior year’s figure The outstanding balance – sitting at around KRW67.1 trillion (US$393 billion) by the end of 2023 – decreased by 5.3% compared