[Market Now] NH Investment issues bonds to finance operations

NH Investment & Securities has issued bonds worth 350 billion won ($306 million) to finance its operations, according to a regulatory filing.

Hana Financial Investment, Shinyoung Securities and HI Investment & Securities were among institutional investors that acquired NH bonds graded AA-plus. The maturity period of the bonds is in April 2019, with annual interest rate of 1.84 percent.

NongHyup Financial Group has a 49 percent stake in NH Investment, which is the country’s second biggest brokerage with a market share of 8.25 percent after Samsung Securities, according to its financial statements.

NH Investment said it is currently preparing to launch a hedge fund this year following financial deregulations in operating high-risk investment funds.

By Park Hyong-ki (hkp@heraldcorp.com)