Hanwha Investment & Securities Files Shelf Supplement for 49.5 Billion Won ELS Issuance
Hanwha Investment & Securities disclosed a shelf registration supplementary document on July 1, 2026, to publicly offer five tranches of equity-linked securities ELS, namely Smart ELS 8333 to 8337, totaling 49.5 billion KRW.
These ELS are high-risk principal non-guaranteed complex financial products linked to the KOSPI200, S&P500, and EuroStoxx50 indices, with a maturity date of July 24, 2029. Each tranche targets 9.9 billion KRW at an issue price of 9,900 KRW per security.
Proceeds will be used for hedging activities, including trading in underlying assets and derivatives, as well as investments in financial products to ensure stable repayment under the terms of issuance.
Hanwha Investment & Securities maintains an AA- credit rating NICE, June 22, 2026 and reported a standalone net profit of 100 billion KRW in 2025 with equity exceeding 2 trillion KRW, indicating a solid financial position.
[AI Summary]This ELS issuance is a routine addition under the existing shelf registration, causing no dilution or structural change for existing shareholders. Funds are allocated to standard hedging operations, limiting direct growth or shareholder value enhancement. Given the AA- credit rating and clean audit opinion, credit risk is low, but the products themselves are high-risk principal non-guaranteed, which investors should note.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)