[Goyounghun financial newspaper reporter Korea] equity-linked securities (ELS) was the first quarter issuance rose sharply compared to the previous quarter. However, caution is required here, 88.2% are concentrated in foreign exponential ELS.
11 days and according to the financial investment industry in Korea Securities Depository (including derivatives four ELB) first quarter ELS issuance amount was recorded as 10.6 percent to 19.8922 trillion won from the previous quarter. ELS payments during the same period were up a whopping 44% compared to the previous quarter to 24.3929 trillion won.
Repayment yuhyeongbyeolneun accounted for early repayment 85.0% of the total repayment amount to 20.7361 trillion won, debt payments and prepayment amounts were 3.0301 trillion won, 626.7 billion won in total redemption amount over each of 12.4% and 2.6% of total with relatively small as. In addition to payments and the growing demand and new demand is also reinvest as much as increasing.
KSD official dwaeteuna "prepayment greatly increase what stocks issued overseas indices such as the 2015 EUROSTOXX 50, Hong Kong's Hang Seng China Enterprises Index (HSCEI) as underlying assets have early repayment is delayed according to the 2016 Index fell recently these explained that because the repayment to the rise of the index increases. "
Total outstanding amount of the top five securities firms accounted for 67.4% of the total issued amount to 13.4085 trillion won. Size of securities issued during the same period were the most common treatment to Mirae Asset to issue 3.5863 trillion won, it issued NH Investment & Securities and Samsung Securities 3.1652 trillion won and 2.4324 trillion won, respectively. Then was the net Samsung Securities, KB Securities.
But most experts ELS products are flocking to the situation in the foreign indices and requires attention.
Oil hits Securities Lee Jungho researchers "Overseas there is exponential ELS proportion accounted for 88.2% of the total issued" and "de facto gotta issued most of the ELS overseas assets mainly rather than other assets, this level is similar to the published weight of 2015 overheat time "I was diagnosed.
Index jeongjak also be utilized to take advantage of international indices HSI, SX5E, NIKKEI225, S & P500, HSCEI is about the intellectual-wise displacement phenomena underlying asset.
The researchers "present side lack the right alternatives such as domestic indices and stocks, but there is also time to concerns misses in terms of expanding the limited overseas indices underlying assets" and "dwaedo this situation lasts only six months or more past HSCEI index KI (Knock-In) occurs it feared he should "be aware there may be a previous situation.
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