Hanwha Investment & Securities Reports ELB 956th Issuance - Weak Subscription at 6% of Target

Hanwha Investment & Securities reports issuance results for Hanwha Smart ELB 956th series (derivative-linked bond)
Actual funds raised: KRW 597 million, only 6% of planned KRW 9.95 billion (weak demand)
Underlying asset: Hyundai Motor common stock, maturity 2029, conditional principal protection (low risk)
Early redemption triggers: semi-annual evaluations if underlying ≥ 90% of initial price (step-up yields from 2.575% to 12.875%)
At maturity: if underlying ≥ 90%, pay 115.45% of face value; else, full principal protected
Issuance proceeded despite clause allowing cancellation if total subscriptions < KRW 1 billion