Hanwha Investment & Securities is issuing the Hanwha Smart DLB No. 577 derivative-linked bond with a total offering of KRW 20 billion. The subscription date is July 31, 2026, and maturity is November 2, 2026, a short-term 94-day product.
The underlying asset is the 3-month government bond rate. It offers an annual return of 3.30% if the rate is below 8%, and 3.29% if above at maturity. The structure ensures principal protection at maturity.
Proceeds will be used for hedging activities including underlying asset trading and derivatives to ensure stable repayment.
The issuer has a credit rating of AA- from NICE, indicating sound creditworthiness.
This security is unlisted and early redemption may result in principal loss.
This debt issuance has no dilution effect on existing shareholders.
[AI Summary]Hanwha Investment & Securities' DLB issuance is a small short-term borrowing with limited impact on capital structure. Funds are used for hedging rather than growth, offering modest returns. The AA- credit rating is strong, but investors should consider credit risk and lack of liquidity.
KOSPI Filing Information
Additional Documents for Shelf Registration (Other Derivative-Linked Bonds)