Hanwha Investment & Securities Issues 3 Equity-Linked Bonds (ELB) Worth KRW 150 Billion
- Hanwha Investment & Securities publicly offers 3 ELBs (Equity-Linked Bonds) linked to Tesla, SK Hynix, and Micron, totaling KRW 150 billion (KRW 50 billion per tranche, unlisted)
- Issuer credit rating: AA- (NICE, Dec 5, 2025); not protected by depositor insurance; principal loss possible
- Maturity: 130/132 series 6 months, 131 series 3 years; 130/132 are principal-protected (knock-out), 131 is monthly coupon + auto-call
- Unsecured bonds backed by issuer credit; calculation agent is Hanwha (potential conflict of interest)
- As of end-2025, total credit conversion amount for derivative-linked securities: KRW 681.2 billion (ELS 129.5B, ELB 26.1B, DLB 3.4B, others 522.2B)
- Issuance may be canceled if total subscriptions < KRW 1 billion; early redemption price at 90% (within 6 months) to 95%+ of fair value, potential principal loss
- Detailed terms and risk factors available on DART and Hanwha Securities website
ADVERTISEMENT (250px+)
KOSPI Filing Information
- Filing: Shelf Registration Supplementary Document (Derivative-Linked Bonds - Equity-Linked Derivative-Linked Bonds)
- Company: Hanwha Investment & Securities (003530)
- Submission: Hanwha Investment & Securities Co., Ltd.
- Receipt: 04-30-2026