Hanwha Investment & Securities Issues Additional KOSPI200-Linked ELBs Worth 39.6 Billion Won Under Shelf Registration
Hanwha Investment & Securities is issuing four additional equity-linked bonds under its existing shelf registration, totaling 39.64 billion won.
Each security is linked to the KOSPI200 index with a principal-protected step-down auto-call structure featuring knock-in barriers ranging from 75% to 90%.
The issuer has a credit rating of AA- and these unsecured bonds are not covered by deposit protection, requiring careful investment consideration.
Proceeds will be used for hedging and financial investments to ensure stable repayment under the bond terms.
[AI Summary]Hanwha Investment & Securities issues four KOSPI200-linked ELBs worth 39.6 billion won; the principal-protected structures repay principal if the underlying falls but carry issuer credit risk and liquidity constraints. Investors must fully understand the AA- rated issuer's credit and product terms before investing.