Hanwha Life announced on the 12th that it conducted a demand forecast for new hybrid bonds worth 300 billion KRW (30-year maturity with a 5-year call option) and received purchase orders totaling 528 billion KRW.
This reflects the strong interest from institutional investors in Hanwha Life, exceeding the initial offering amount (300 billion KRW) and reaching 176% of the target amount.
The desired issuance yield range was set at 4.3% to 4.8% per annum, and the offering was filled at an annual rate of 4.69%. Hanwha Life plans to secure up to 600 billion KRW through additional subscriptions.
A Hanwha Life official stated, "The success in fully selling out the demand forecast was mainly due to the recent upgrades in rating outlooks from six major domestic and international credit rating agencies, including Fitch, throughout this year," adding, "This reflects recognition from the investment industry of our solid capital soundness, excellent market position, and stable business foundation."
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