Hanwha Investment & Securities Issues 5 Billion KRW Smart ELB No. 1174, Principal-Protected Note Linked to Samsung Electronics and SK Hynix
Hanwha Investment & Securities has officially initiated the issuance process for its Smart ELB No. 1174 derivative-linked bond, with the securities registration statement becoming effective on July 14, 2026.
The product is linked to common stocks of Samsung Electronics and SK Hynix, offering a principal-protected structure with a monthly coupon of 0.75% over a two-year maturity and an auto-call feature at an 85% barrier.
The total offering amounts to 5 billion KRW, issued via electronic registration. The unlisted security has limited liquidity. The issuer maintains an AA- credit rating, and proceeds will be used for hedging and investment purposes.
[AI Summary]The 5 billion KRW ELB issuance by Hanwha Investment & Securities is a neutral capital activity with no shareholder dilution. The AA- credit rating mitigates credit risk, but the unlisted nature restricts secondary market liquidity.