Hanwha Investment & Securities Reports ELB 956th Issuance - Weak Subscription at 6% of Target
- Hanwha Investment & Securities reports issuance results for Hanwha Smart ELB 956th series (derivative-linked bond)
- Actual funds raised: KRW 597 million, only 6% of planned KRW 9.95 billion (weak demand)
- Underlying asset: Hyundai Motor common stock, maturity 2029, conditional principal protection (low risk)
- Early redemption triggers: semi-annual evaluations if underlying ≥ 90% of initial price (step-up yields from 2.575% to 12.875%)
- At maturity: if underlying ≥ 90%, pay 115.45% of face value; else, full principal protected
- Issuance proceeded despite clause allowing cancellation if total subscriptions < KRW 1 billion
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KOSPI Filing Information
- Filing: Securities Issuance Performance Report
- Company: Hanwha Investment & Securities (003530)
- Submission: Hanwha Investment & Securities Co., Ltd.
- Receipt: 02-02-2026