Hanwha Investment & Securities Decides to Issue 94.5 Billion Won in Equity-Linked Bonds
Hanwha Investment & Securities is issuing five types of equity-linked bonds from Hanwha Smart ELB No.1143 to No.1147 totaling 94.525 billion won.
These securities are unlisted, not protected by the Depositor Protection Act, and are unsecured bonds backed by the issuer's credit.
The proceeds will be used for hedging activities including underlying asset transactions and derivative investments.
Hanwha Investment & Securities has a credit rating of AA- from NICE Ratings and this issuance is a debt financing that does not result in direct dilution or change in existing shareholder value.
[AI Summary]The 94.5 billion won ELB issuance by Hanwha Investment & Securities is a routine business activity raising funds without diluting existing shareholder value and is expected to have a neutral impact on the stock price.