Hanwha Investment & Securities Issuance of 15 Billion KRW Equity-Linked Bonds Underlying Micron and SK Hynix Principal Protection Structure for Hedging Purpose
Hanwha Investment & Securities is publicly offering three types of equity-linked bonds totaling 15 billion KRW, with underlying assets being Micron Technology and SK Hynix.
Each series is subscribed in units of 50 million KRW within a 50 billion KRW limit, and the unlisted securities are settled in cash at maturity or upon early redemption.
The proceeds will be used for underlying asset trading and hedging of on- and off-exchange derivatives to ensure stable payment of redemption amounts.
Hanwha Investment & Securities has an AA- credit rating from NICE, an investment grade, and this issuance does not dilute existing shareholder value.
[AI Summary]This bond issuance is neutral to existing shareholder value, and the proceeds used for hedging and operational purposes do not directly impact the stock price. However, the issuer's creditworthiness and hedging risks should be considered in investment decisions.