Q3 DLS Unpaid Issuance Balance 31.5918 Trillion Won... 16% Increase YoY

[Asia Economy Reporter Minji Lee] The Korea Securities Depository announced on the 21st that the outstanding balance of DLS (Derivative Linked Securities) issuance as of the end of the third quarter was 31,591.8 billion KRW, an increase of 16.2% compared to the end of the same period last year.

The number of issued items in the third quarter was 447, up 23.8% compared to the same period last year. The issuance amount was 3,393 billion KRW, an increase of 11.4% compared to the same period last year. By issuance type, public offerings accounted for 40.1% of the total issuance amount, amounting to 1,361.8 billion KRW, while private placements accounted for 59.9%, totaling 2,031.2 billion KRW.

By underlying asset type, interest rate-linked DLS accounted for 75.8% of the total issuance amount, or 2,572.8 billion KRW, and credit-linked DLS accounted for 23.2%, or 786 billion KRW.

Regarding issuing companies, a total of 19 companies issued DLS, with Hana Securities issuing the most at 949.8 billion KRW. Following were Hanwha Investment & Securities and Meritz Securities, issuing 422.5 billion KRW and 409.5 billion KRW respectively. The top five securities firms issued a total of 2,306.5 billion KRW in DLS, accounting for 68% of the total issuance amount.

The total DLS redemption amount in the third quarter of this year was 2,408.1 billion KRW, a decrease of 22.8% compared to the same period last year. By redemption type, maturity redemptions amounted to 1,789.6 billion KRW, accounting for 74.3% of the total redemption amount. Early redemptions and mid-term redemptions were 561.9 billion KRW and 56.6 billion KRW respectively, accounting for 23.3% and 2.4% of the total redemption amount.

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