Hanwha Investment & Securities Corrects Maturity Date for ELB 1114 and Issues 29.96 Billion KRW ELBs - Low Risk Equity-Linked Bonds for Hedging Purposes
The correction filing fixes an error by changing the maturity date of Hanwha Smart ELB Series 1114 from December 22, 2026 to December 23, 2026.
Total offering amounts to 29.96 billion KRW, consisting of 19.98 billion for Series 1114 and 9.98 billion for Series 1115. Both are equity-linked ELBs with SK Hynix common stock as underlying and classified as low risk.
These unsecured and unguaranteed bonds repay principal at maturity with a fixed return, but are not covered by depositor protection and rely on the issuer's creditworthiness. Hanwha Investment & Securities holds an AA- credit rating.
Proceeds will be used for hedging transactions including underlying asset trading and derivatives, as well as financial investment, not for expansion or structural changes.
The bonds are unlisted and subject to liquidity risk; early redemption may incur principal loss. Issuance may be canceled if subscriptions are below 1 billion KRW.
As a debt issuance, there is no dilution of existing shareholders. The maturity date correction is a minor administrative adjustment without substantive impact on investment terms.
[AI Summary]This routine ELB issuance by Hanwha Investment & Securities serves hedging purposes with no equity dilution or capital structure change. The maturity date correction is a minor clerical fix that does not affect the profit structure or risk profile. With a stable AA- issuer credit rating and low governance risk, this event is neutral for shareholder value.
KOSPI Filing Information
[Correction of Description] Supplemental Document For Shelf Registration (Derivative-Linked Bonds - Equity-Linked Derivative Bonds)