On April 15, 2026, Hanwha Investment & Securities filed a supplementary shelf registration statement for Hanwha Smart ELB Series 1054 and 1055, equity-linked bonds linked to the S&P500 and KOSPI200 indices respectively.
The total offering amount is approximately 29.9 billion KRW. Series 1054 amounts to 19.98 billion KRW, a 1-year product linked to the S&P500 with an annual return of 3.30% to 3.31%. Series 1055 totals 9.95 billion KRW, a 3-year product linked to the KOSPI200 with an autocall feature and a target annual return of 4.35%.
Proceeds will be used for hedging underlying assets and investing in financial instruments. These bonds are not protected by the Depositor Protection Act and carry potential principal loss.
As of December 31, 2025, Hanwha Investment & Securities had outstanding derivative-linked securities and bonds of 4.728 trillion KRW and 8.510 trillion KRW respectively, with a total credit conversion amount of 681.2 billion KRW. The company maintains an AA- credit rating.
[AI Summary]This ELB issuance is part of Hanwha Investment & Securities' normal business operations and has a neutral impact on the stock price. The offering size is insignificant relative to the market cap, and the terms are in line with market rates, providing no special catalyst. Investors should note the risk of principal loss upon early redemption and the lack of depositor protection.