In the first quarter of this year (January to March), the issuance amount of derivative-linked securities (DLS) was found to have increased by 35.6% compared to the previous quarter. The outstanding balance was reported to have exceeded 34 trillion won.
According to the Korea Securities Depository on the 29th, the issuance amount of DLS was 5.8941 trillion won, representing a 35.6% increase over the previous quarter (4.3453 trillion won). Compared to the same period last year (4.9612 trillion won), it increased by 18.8%.
The number of issued items was 578, which is an increase of 12.2% compared to the same period last year (515 items) and an increase of 1.6% compared to the previous quarter (569 items).
By issuance type, public offerings accounted for 28.7% (1.6941 trillion won) of the total issuance amount, while private placements made up 71.3% (4.2 trillion won). Public offerings decreased by 5.2% compared to the previous quarter, while private placements increased by 64.2% compared to the previous quarter.
By underlying asset type, the issuance performance showed that interest rate-linked DLS accounted for 78.2% of the total issuance amount, or 4.6108 trillion won, while credit-linked DLS accounted for 11.4%, or 669.2 billion won. The two types together made up 89.6% of the total issuance amount.
Among the issuing companies, Hana Securities had the largest issuance scale at 2.5331 trillion won, followed by BNK Investment & Securities (666.9 billion won) and Shinhan Investment Corp. (440.2 billion won).
The outstanding amount of DLS has increased. In the first quarter of this year, the outstanding balance was 34.2333 trillion won, reflecting an 11.8% increase compared to the same period last year (30.6313 trillion won). It rose by 4.8% compared to the previous quarter (32.6683 trillion won).
The repayment amount was 4.2857 trillion won, an increase of 26.5% compared to the same period last year (3.3887 trillion won), and a decrease of 6.4% compared to the previous quarter (4.5763 trillion won).
By repayment type, the maturity repayment amount was 3.5494 trillion won, accounting for 82.8% of the total repayment amount. The early repayment and partial repayment amounts were 577.3 billion won and 159 billion won, respectively, making up 13.5% and 3.7% of the total repayment amount.