Hanwha Investment & Securities Finalizes 20 Billion KRW Smart ELB No. 1173, SK Hynix-Linked Principal-Protected Structured Bond
Hanwha Investment & Securities has finalized the issuance of Hanwha Smart ELB No. 1173 equity-linked bonds worth 19.97 billion KRW, with the registration statement effective from July 15, 2026.
The bonds are linked to SK Hynix common stock and offer a principal-protected structure with a pre-tax return of 3.50% to 3.51% at maturity. The issue price is 9,985 KRW per 10,000 KRW face value.
Proceeds will be used for hedging transactions and investments in financial products. The issuer maintains a strong credit rating of AA-. The bonds are unlisted and early redemption may incur principal loss.
[AI Summary]Hanwha Investment & Securities' ELB issuance raises 20 billion KRW in debt without equity dilution. The defensive use of funds limits growth impact, but the issuer's strong credit quality and principal guarantee offer stability. Overall, this has a neutral financial impact.