Hanwha Investment & Securities Files Performance Report on Issuance of 4 ELBs - Total Raised KRW 9.2 Billion, Below Planned Amounts
Hanwha Investment & Securities has submitted a Securities Issuance Performance Report for four series of equity-linked bonds Hanwha Smart ELB 1155 to 1158 issued on July 13, 2026.
The total amount raised was KRW 9,193 million against a planned total of KRW 59,700 million, resulting in a low subscription rate of approximately 15.4%, with full allocation but under-subscription.
The proceeds will be used for hedging purposes to manage risks associated with the bonds.
[AI Summary]Hanwha Investment & Securities' ELB issuance faced weak market demand, leading to lower-than-planned fundraising, but as debt instruments, no shareholder dilution occurs. Funds are allocated for hedging with limited direct contribution to profitability. The issuer's credit profile remains stable, but the under-subscription reflects subdued investor sentiment.