Hanwha Investment & Securities Finalizes Issuance of Smart DLB No. 573 Worth 20 Billion Won - 94-Day Maturity with 3.3% Annual Return, Limited Impact on Shareholder Value
This prospectus confirms the effectiveness of the shelf registration statement for Hanwha Investment & Securities' Smart DLB No. 573 derivative-linked bond.
The issuance totals 20 billion won with a face value of 10,000 won per bond, a maturity of 94 days, and a pre-tax annual return of 3.31% to 3.32%.
The underlying asset is the 3-month Treasury bond rate, and the structure is principal-protected with low risk of loss at maturity.
The issuer's credit rating is AA- indicating stability, but the bond is unlisted, posing liquidity risk.
Proceeds will be used for hedging and investment in financial products, with no dilution to shareholder value.
[AI Summary]This DLB issuance by Hanwha Investment & Securities is for short-term funding, with no equity conversion and minimal impact on shareholder value. It offers stable returns with principal protection but carries liquidity and credit risks.