Hanwha Investment & Securities Securities Issuance Performance Report: ELB Issuance Records Low Subscription Rate, Funds Used for Hedging
The actual funds raised for Hanwha Investment & Securities' ELB series 1167 and 1168 were 1.66 billion KRW and 1.98 billion KRW, respectively, representing only 8.31% and 9.92% of the total offering amount, indicating very low subscription rates.
The raised funds will be used for hedging risks related to early and final redemption amounts, and no allocation for growth capital or changes in shareholder return policies was confirmed.
As the issuer, Hanwha Investment & Securities maintains a stable credit profile. This issuance is assessed as a refinancing for existing product management rather than capital expansion.
[AI Summary]This issuance performance report confirms a small-scale bond issuance for hedging existing derivatives, with no share dilution or capital structure change. The low subscription rate suggests weak market demand, but the impact on the issuer's financial soundness is limited.