NH Investment & Securities: "IMA 'N2 IMA1 Mid-Term Type No. 4' Subscriptions Open"
Maturity of 2 years and 3 months, total issuance size of KRW 120 billion
Annual benchmark return for performance fee: 4.5%
NH Investment & Securities said on October 23 that it will accept subscriptions for its comprehensive investment account (IMA) product, "N2 IMA1 Mid-Term Type No. 4," on a first-come, first-served basis from October 26 to 29.
Mid-Term Type No. 4 has a maturity of 2 years and 3 months and a total issuance size of KRW 120 billion. It was designed with the same structure as Mid-Term Type No. 3, which sold out previously. The benchmark return for the performance fee is 4.5% per year, and a performance fee rate of 40% applies to returns exceeding that benchmark after fees are deducted.
Mid-Term Types Nos. 1 through 3, previously offered by NH Investment & Securities, all sold out during their subscription periods. The company's recently launched first short-term product, Short-Term Type No. 1, also sold out. The company expects demand to continue from investors seeking both stability and returns, given that it raised the benchmark return for the performance fee to 4.5% per year even as market interest rate volatility has increased.
An IMA is a product in which a securities firm promises to repay the principal and seeks returns by investing customers' funds in corporate finance (IB) assets, such as acquisition financing, corporate loans, and corporate bonds.
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"To meet the strong interest customers have shown in our IMA products this year, we have prepared our fourth product by reflecting market interest rates while bringing together our differentiated asset-sourcing capabilities," said Bae Gwangsu, CEO of NH Investment & Securities. "We will continue to offer IMA products that combine competitive rates suited to market conditions with high-quality corporate finance assets, and remain a trusted partner in helping our customers grow their assets."
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