Hanwha Investment & Securities Issues KRW 10 Billion DLB Linked to 3-Month Treasury Rate, AA- Rated Unsecured Bond
On July 15, 2026, Hanwha Investment & Securities announced the effectiveness of its registration statement for the 10th series of Smart DLB, a KRW 10 billion public offering of derivative-linked bonds.
The bonds are linked to the 3-month Korean Treasury bond rate, offering a pre-tax yield of 3.32% to 3.33% per annum over a 93-day maturity. Principal is fully protected at maturity, but not covered by the depositor protection act.
The issuer holds an AA- credit rating from NICE, indicating strong creditworthiness. Proceeds will be used for hedging and financial product investments.
Investors may request early redemption at 95% or more of fair value but face potential principal loss. The bonds are not listed, limiting liquidity.
[AI Summary]This KRW 10 billion DLB issuance by Hanwha Investment & Securities represents a minor debt financing event with negligible dilution impact on shareholders. The AA- credit rating lowers counterparty risk, but the short-term nature and lack of listing introduce liquidity and yield limitations.