Hanwha Investment & Securities Files Shelf Supplement for 396 Billion KRW ELS Issuance with AA- Credit Rating and Stable Financials
Hanwha Investment & Securities submitted a supplementary shelf registration statement to the Financial Services Commission on July 8 2026 for the additional issuance of Hanwha Smart ELS No. 8345 and No. 8346 equity-linked securities totaling 39.6 billion KRW.
These securities are linked to KOSPI200 S&P500 and EuroStoxx50 indices classified as high-difficulty financial products with non-principal protection and potential total loss of principal up to 100%. Subscription opens July 27 2026 via Woori Bank trust department with maturity on July 26 2029.
The issuer's credit rating stands at AA- by NICE Ratings as of June 22 2026. Financial position remains stable with total assets of 18.08 trillion KRW equity of 2.04 trillion KRW and net income of 28.3 billion KRW for the first quarter of 2026.
Proceeds from this ELS issuance will be used for hedging activities including underlying asset trading and over-the-counter derivative transactions.
[AI Summary]This ELS shelf supplement filing is a routine capital markets activity with neutral impact on existing shareholders. The issuance size relative to equity is small and funds are designated for hedging purposes minimizing risks of dilution or earnings erosion. However investors bear the credit risk of the issuer inherent in these structured products.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)