Hanwha Aerospace Issues $500 Million Overseas Bonds

*This content was translated by AI.

Hanwha Aerospace successfully issued overseas public bonds, becoming the first domestic defense and aerospace company to do so.

On the 21st, Hanwha Aerospace announced that it confirmed a $500 million (approximately 741 billion won) fundraising effort after conducting demand forecasting for U.S. dollar-denominated bond issuance in Europe, Asia, and other regions.

The overseas bonds issued by Hanwha Aerospace this time are fixed-rate bonds with a three-year maturity (FXD). The issue interest rate is set at 83 basis points (1bp = 0.01 percentage point) above the yield of U.S. Treasury bonds with the same maturity, representing terms 32 basis points more favorable than the initial proposed interest rate (IPG) of 115 basis points.

During this demand forecasting process, $3.3 billion, approximately seven times the issuance amount, was attracted. This achievement follows last month's milestone when Hanwha Aerospace became the first domestic defense and aerospace company to receive an A- credit rating from global credit rating agency Standard & Poor's (S&P). Hanwha Aerospace plans to utilize the funds raised this time for working capital and repayment of borrowings.

A Hanwha Aerospace official, speaking by phone with this newspaper, stated, "The first overseas public bond issuance has been successfully completed. Based on our stable fundraising capabilities, we will further strengthen our competitiveness in the global defense and aerospace markets."

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*This content was translated by AI.