Hanwha Energy USA Holdings Corporation
Indicative
Full Lot
Indicative price as of 16 Oct 2026, 4:05pm
Bond Issuer
Hanwha Energy USA Holdings Corporation
Guarantor
The Korea Development Bank
Announcement Date
13 Oct 2026
Issue Date
20 Oct 2026
Maturity Date
20 Oct 2029
Years to Maturity / Next Call
3.004 / -
Modified Duration
2.734 @ 16 Oct 2026
Issue / Reoffer Price
99.904
Issue / Reoffer Yield
5.535
Coupon Type
Fixed
Annual Coupon Rate
5.500
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
XS3538767164
CUSIP
DR4828411
Bond Currency
USD
Total Issue Size
400,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
Corporate
Bond Sector
Energy
Bond Sub Sector
Energy Equipment and Services
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
SGX
Upon the occurrence of a Change of Control, each Noteholder will have the right, at such holder’s option, to require the Issuer to redeem all, but not some only, of such holder’s Notes on the Change of Control Put Date at their principal amount, together with accrued interest up to, but excluding the Change of Control Put Date. To exercise such right, the holder of the relevant Note must deposit at the specified office of any Paying Agent a duly completed and signed notice of redemption, in the form for the time being current, obtainable from the specified office of any Paying Agent (a “Change of Control Put Exercise Notice”), together with the Note Certificate evidencing the Notes to be redeemed by not later than 60 days following a Change of Control, or, if later, 60 days following the date upon which notice thereof is given to Noteholders by the Issuer in accordance with Condition 13 (Notices). The “Change of Control Put Date” shall be the fourteenth day after the expiry of such period of 60 days as referred to above.
In these Conditions:
(a) a “Change of Control” occurs when Korea ceases to control (directly or indirectly) the Guarantor or fails to provide financial support for the Guarantor as required under Article 32 of The Korea Development Bank Act of 1953, as amended as of the Issue Date; and
(b) “control” means the acquisition or control of a majority of the Guarantor’s voting share capital or the right to appoint and/or remove all or the majority of the members of the Guarantor’s board of directors or other governing body, whether obtained directly or indirectly, and whether obtained by ownership of share capital, the possession of voting rights, contract or otherwise.
Cash Flow Information