Hyundai Motor and Kospi 200 underlyings gain traction for equity-linked bonds (ELBs).
Sales of structured products in South Korea jumped nine percent to around KRW6.2 trillion (US$4.3 billion) in October compared to the prior year, although it was down nine percent on a monthly basis, according to SRP data. Equity-linked securities (ELS), also known as capital-at-risk autocallable notes, recorded a seven percent drop to KRW2.18 trillion in volumes compared to last year’s same time. The latest sales, came on the back of 944 issuances, also edged down roughly three percent m