Korea Securities Depository’s report shows interest rates remain the most-used asset class in DLS and DLB issuances in Q1 2025.
Sales of derivative-linked securities (DLS) and derivative-linked bonds (DLBs) in South Korea increased to KRW5.9 trillion (US$4.2 billion) in the first quarter of 2025, up almost 19% year-on-year (YoY), according to the latest figures released by the Korea Securities Depository (KSD). Capital-at-risk DLS volumes edged up four percent compared to the prior year quarter to KRW920 billion, while the amount of capital protection-focused DLBs issued during the January-March period increased 22