Hanwha Investment & Securities' ELB Issuance of KRW 15 Billion Becomes Effective - Principal-Protected Equity-Linked Bonds Open for Subscription
Hanwha Investment & Securities' shelf registration statement filed on July 10, 2026 became effective.
The company will issue three series of principal-protected equity-linked bonds ELB totaling KRW 15 billion linked to Micron Technology SK Hynix and Tesla respectively.
Series 156 has a 3-month maturity KRW 5 billion Series 157 has a 3-year maturity KRW 5 billion and Series 158 has a 6-month maturity KRW 5 billion all unlisted with potential principal loss upon early redemption.
Proceeds will be used for hedging underlying assets and investing in financial products.
Hanwha Investment & Securities has a credit rating of AA- from NICE Ratings as of June 22 2026 and these securities rank equally with other unsecured unsubordinated debt.
[AI Summary]This ELB issuance is a funding vehicle for Hanwha Investment & Securities with no direct dilution to existing shareholders. The funds are allocated for hedging and investment purposes potentially contributing to profitability. The AA- credit rating is stable but principal protection relies on the issuer's creditworthiness so credit risk must be considered.