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ELS issuance plunges 43.9% in August after July peak

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  • ELS issuance fell sharply in August as market volatility weakened early redemptions and reinvestment demand.
  • August issuance reached 1.9779 trillion Korean won, down 43.9% from July.
  • ELS issuance rose from May through July before declining in August, according to monthly industry data.
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