Hanwha Investment & Securities ELS Issuance Performance Report Shows Low Subscription and Two Tranches Canceled
Hanwha Investment & Securities submitted its Securities Issuance Performance Report on July 16, 2026, disclosing the subscription and allocation results for eight ELS tranches.
Actual funds raised were approximately 3.6 billion KRW against a total planned issuance of 55 billion KRW, representing a subscription rate of only 6.6%. Two tranches, Hanwha Super Tracker ELS No. 30193 and Hanwha Smart ELS No. 9550, were canceled due to insufficient subscriptions.
The raised funds will be used for hedging purposes through investment in underlying assets and related derivatives.
[AI Summary]This report confirms weak market demand for Hanwha Investment & Securities' ELS products, reflecting investor sentiment deterioration. No capital erosion or shareholder dilution occurred, but the low subscription rate may negatively impact short-term profitability.