Hanwha Investment Securities Issues 6 Billion Won ELB Linked to Samsung Electronics, No Shareholder Dilution, Stable Returns
On June 24, 2026, Hanwha Investment Securities filed a shelf registration statement to issue 6 billion won of Hanwha Smart ELB Series 1136 Equity Linked Bonds, with Samsung Electronics common stock as underlying asset.
This ELB has a 2-year maturity, offers a pre-tax yield of 3.92% per annum, and guarantees at least principal at maturity. If the underlying stock price exceeds 500% of initial price, the yield increases to 3.921% per annum.
The issuance does not dilute existing shareholders. Proceeds will be used for hedging and financial investments. The issuer's credit rating is AA- from NICE Ratings.
Subscription is limited to retirement pension funds with a minimum of 1 million won. The bonds are unlisted; early redemption is possible at fair value determined by the issuer.
[AI Summary]Hanwha Investment Securities' 6 billion won ELB issuance has no equity impact, representing routine debt financing. The product is low-risk due to principal protection and strong credit rating, but carries credit risk as it is not deposit-insured.