한화오션 거제사업장 전경. (사진=한화오션)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Hanwha Aerospace borrows 400 billion won to pay off all of its debts. Analysts say that the burden of investing 1.3 trillion won to acquire Hanwha Ocean is becoming a reality.

Hanwha Aerospace announced on the 5th that it has finalized the issuance of corporate bonds worth a total of 400 billion won. Originally, it was supposed to issue 200 billion won, but it increased 200 billion won here.

It is the first case of a KRW 400 billion loan. It issued 400 billion won three years ago, but 260 billion won of it was spent on operating funds such as acquiring securities from other corporations. The debt ratio also rose from 180% in 2018 to 309% in the third quarter of last year.

Analysts say that large-scale investments last year will increase their dependence on debt. It decided to invest $ 500 million in Hanwha Future Proof, a new US corporation, and invested $ 160 million (about 210 billion won).

Hanwha Aerospace invested 1.5 trillion won in May last year to acquire Hanwha Ocean and 310 billion won more in additional paid-in capital increase in November.

Hanwha Aerospace is the Hanwha affiliate that invested the most in Hanwha Ocean. The company's cumulative operating profit and final cash in the third quarter of last year were 415.3 billion won and 1.9832 trillion won. It is a big burden to invest more than 1.3 trillion won in Hanwha Ocean capital increase.

 

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