Hanwha Investment & Securities Files Report on Issuance Results for 8 ELS Series
Hanwha Investment & Securities disclosed the subscription and allocation results for a total of 8 ELS equity-linked securities series through its securities issuance report dated July 10, 2026.
The total planned offering amount for the 8 series was 45 billion KRW, but actual subscriptions reached only 2.926 billion KRW, representing an average subscription rate of 6.5%, and Hanwha Smart ELS Series 9547 was entirely cancelled due to insufficient subscriptions.
The funds raised will be used for hedging transactions related to interim and maturity redemptions of each ELS, involving underlying assets and derivatives. Since these are structured products rather than equity issuance, no dilution of existing shareholder value occurs.
[AI Summary]Hanwha Investment & Securities confirmed weak demand in this ELS issuance, raising only 2.93 billion KRW or 6.5% of the planned 45 billion KRW. There is no equity dilution, but the cancellation of one series and limited use of funds for hedging purposes are neutral factors for investment profitability.