Hanwha Investment & Securities Finalizes Issuance of 15 Billion KRW in Equity-Linked Bonds Three Tranches
Hanwha Investment & Securities announced through a prospectus effective July 16, 2026, the issuance of three equity-linked bonds totaling 15 billion KRW under the Hanwha Smart ON ELB series Nos. 159, 160, and 161.
Each tranche amounts to 5 billion KRW with underlying assets of Micron Technology, SK Hynix common stock, and Tesla common stock respectively. The bonds are principal-protected at maturity, unlisted, and not covered by depositor protection.
The issuer holds an AA- credit rating from NICE as of June 22, 2026. Proceeds will be used for hedging underlying assets and investing in financial products.
[AI Summary]This ELB issuance is a debt financing without equity dilution, thus no impact on existing shareholder value. While the use of funds for hedging and investment does not directly enhance profitability, the AA- credit rating indicates low credit risk. Investors should note the limited liquidity of unlisted products and potential principal loss upon early redemption.