Hanwha Investment & Securities Issues 10 Billion Won Principal-Protected DLB Linked to 3-Month Treasury Rate
Hanwha Investment & Securities confirmed the public offering of Hanwha Smart DLB No. 567 derivative-linked bonds worth 10 billion won, with the prospectus becoming effective on July 10, 2026.
The bond is a principal-protected structure linked to the 3-month Korean Treasury bond rate, offering a pre-tax return of 3.36% or 3.37% per annum depending on the rate level at maturity.
The issuer's credit rating is AA- as of June 22, 2026 by NICE Ratings, and the proceeds will be used for hedging activities and investment in financial products.
[AI Summary]This issuance is a plain vanilla DLB with no equity conversion or capital increase, thus zero dilution for existing shareholders. The use of proceeds for hedging and investment does not directly enhance growth, and while the issuer is highly rated at AA-, the overall impact on shareholder value is neutral.