Hanwha Investment & Securities Issues 20 Billion KRW DLB with No Share Dilution and AA- Credit Rating
Hanwha Investment & Securities issues 20 billion KRW of Hanwha Smart DLB No.560 with a 94-day maturity offering an annual return of 3.21% to 3.22%. The underlying asset is the 3-month KTB rate, a low-risk product guaranteeing at least principal.
This bond issuance is non-convertible, causing no dilution to existing shareholders. Proceeds will be used for hedging and financial product investments.
The issuer has a strong AA- credit rating and a total DLB outstanding balance of approximately 794.4 billion KRW as of March 2026. Note that this product is not covered by the depositor protection act.
[AI Summary]This DLB issuance is a routine debt funding with no shareholder dilution, supported by the issuer's solid credit rating. Investors face low principal risk but limited liquidity.