The country’s ELS and ELB structures recorded higher sales in the first half of the year, according to the central securities depository’s report. Capital-at-risk ELS' outstanding has turned around a declining trend since H1 2022.
The outstanding balance of equity-linked securities (ELS) and equity-linked bonds (ELBs) in Korea edged up over five percent to KRW53.6 trillion (US$38.6 billion) as of 30 June from a year ago, according to a report released by Korea Securities Depository (KSD) on Monday (21 July). ELS products, also known as capital-at-risk autocallable structures in other markets, saw their outstanding balance rebound for the first time after a consistent decline since the first half of 2022, hovering at arou