Outstanding ELS Issuance Balance of 53.3 Trillion KRW in the First Half of This Year... 31% Decrease Compared to the Previous Year

[Asia Economy Reporter Lee Seon-ae] The outstanding issuance balance of equity-linked securities (ELS) in the first half of this year was recorded at 53.3287 trillion KRW, down 31% compared to the same period last year and 13.1% compared to the end of last year.

According to the Korea Securities Depository on the 14th, the number of ELS issuance items in the first half of this year was 8,752, an increase of 11.7% compared to last year and 16.5% compared to the previous half-year. The issuance amount was 35.581 trillion KRW, up 12.8% from the previous year but down 5.1% from the previous half-year. Among the issuance amount, public offerings accounted for 87.9% (31.2596 trillion KRW), while private placements accounted for 12.1% (4.3214 trillion KRW).

By underlying asset type, index-linked ELS based on overseas and domestic indices accounted for the largest share at 77.8% (27.6975 trillion KRW) of the total issuance amount. Domestic stock-linked ELS based on individual domestic stocks followed with 14.2% (5.0599 trillion KRW).

ELS based on overseas indices such as the S&P 500 and EURO STOXX 50 were issued at 24.5872 trillion KRW and 19.8877 trillion KRW respectively, increasing by 48.5% and 68.3% compared to the previous half-year.

ELS based on the Hong Kong H Index (HSCEI), Nikkei 225, and Hong Kong Hang Seng Index (HSI) were issued at 11.9151 trillion KRW, 4.6596 trillion KRW, and 280.2 billion KRW respectively, showing increases of 87.1%, 91.3%, and 53.8% compared to the previous half-year.

On the other hand, ELS based on the domestic index KOSPI 200 were issued at 15.0615 trillion KRW, a decrease of 13.6% compared to the previous half-year.

Looking at the issuance scale by securities companies, a total of 20 companies issued ELS. Among them, Mirae Asset Securities issued the most at 4.4119 trillion KRW, followed by KB Securities with 4.1803 trillion KRW.

The top five securities companies accounted for 20.4988 trillion KRW in ELS issuance, representing 57.6% of the total issuance amount.

The total redemption amount of ELS in the first half of this year was 43.744 trillion KRW, up 71.5% compared to the previous year but down 17.4% compared to the previous half-year.

By redemption type, early redemption amounted to 35.4811 trillion KRW, accounting for 81.1% of the total redemption amount, while maturity redemption and mid-term redemption amounted to 7.0541 trillion KRW and 1.2088 trillion KRW respectively, accounting for 16.1% and 2.8% of the total redemption amount.

This content was produced with the assistance of AI translation services.