Hanwha Investment Issues KRW 19.98 Billion Smart ELB Series 1113 Principal-Protected Low-Risk Product with AA- Credit Rating
Hanwha Investment & Securities will issue KRW 19.98 billion of Hanwha Smart ELB Series 1113 equity-linked bonds on June 19, 2026.
The underlying asset is SK Hynix common stock. At maturity, if the underlying price is below 300% of the initial price, the product pays 3.30% per annum; if above 300%, it pays 3.31% per annum, ensuring principal protection.
This product features a principal-protected structure with low risk, although it carries the credit risk of the issuer. Hanwha Investment's credit rating is AA- indicating stable financial health.
Proceeds from the issuance will be used for hedging activities and investment in financial instruments.
[AI Summary]Hanwha Investment issues a KRW 19.98 billion principal-protected ELB, with funds used for hedging and investment, having limited direct impact on shareholder value. With an AA- credit rating and no equity dilution, the impact on existing shareholders is neutral.