Hanwha Investment & Securities will issue Hanwha Smart ELB Series 1119, a derivative-linked bond, worth KRW 9.95 billion through subscription on June 22, 2026.
This issuance is linked to the KOSPI200 index, with a 3-year maturity and auto-call structure offering an annual return of 5.80%.
The proceeds will be used for hedging and investment in financial instruments, with no equity dilution, and the issuer maintains a credit rating of AA-.
[AI Summary]Hanwha Investment & Securities' ELB issuance is a neutral event, raising debt capital for hedging without diluting shareholder value. The AA- credit rating and KOSPI200 underlying provide credibility, but investors face potential principal loss and liquidity constraints inherent in such structured products.