NH Investment & Securities said on the 26th that it plans to launch N2 IMA No. 2, the second product in its integrated investment account (IMA) lineup.
N2 IMA1 No. 2 is scheduled for subscription from 8 a.m. on June 1 to 3 p.m. on the 4th, with a maturity of 2 years and 3 months and a total issuance amount of 120 billion won. Subscription is available 24 hours a day during the offering period, including the holiday on June 3. The reference yield is 4.0% per year, and issuance is scheduled for June 5.
An IMA is a product in which a securities firm promises principal protection and invests customers' funds in corporate finance (IB) asset such as acquisition finance, corporate loans, and corporate bonds to generate revenue.
Allocations for the N2 IMA1 No. 2 product are made on a first-come, first-served basis and may close early if the cap is reached.
Chief Executive Officer Yoon Byung-woon of NH Investment & Securities said, "We will continue to supply IMA products that link competitive interest rates suited to market conditions with high-quality corporate finance asset to become a reliable partner for customers' asset growth."