Hanwha Investment & Securities Issues ELBs 150 and 151 with Low Subscription, Raises 619 Million KRW
Hanwha Investment & Securities disclosed the issuance results of Equity Linked Bonds ELB Series 150 and 151 on June 26, 2026.
Each series aimed to raise 5 billion KRW, but only 457.02 million KRW or 9.14% for Series 150 and 162 million KRW or 3.24% for Series 151 were subscribed, totaling 619.02 million KRW.
The proceeds will be used for hedging operations of the securities, which are principal-protected structures paying full face value at maturity or early redemption.
[AI Summary]This ELB issuance is for hedging purposes, not capital expansion, and involves no new equity, thus no dilution for existing shareholders. The low subscription rate indicates weak market demand but has limited impact on the issuer's financials.