Hanwha Investment & Securities Issues 20 Billion KRW ELS No. 9539 Funds for Hedging and Investment
Hanwha Investment & Securities is issuing 20 billion KRW through Hanwha Smart ELS No. 9539, an equity-linked security based on SK Hynix and Samsung Electronics common stocks. This non-principal-protected product offers up to 29.10% annual return but carries risk of total loss.
The proceeds will be used for hedging underlying assets and investing in financial instruments, a routine risk management activity with no direct impact on shareholder equity.
The securities are not listed on the exchange and may incur losses upon early redemption. The issuer maintains a credit rating of AA- from NICE.
[AI Summary]The 20 billion KRW ELS issuance represents 1.6% of market cap causing no dilution. Funds are allocated defensively for hedging and the issuer's strong credit rating results in a neutral impact on shareholder value.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)