Mirae Asset Securities to issue up to KRW 400bn in unsecured public bonds (Tranches 82-1, 82-2, 82-3) after demand forecast
Credit rating: AA0 (Stable) by KIS Ratings and Korea Ratings
Proceeds fully used for debt repayment (CP KRW 150bn, corporate bond KRW 230bn)
FY2025 Q3 consolidated: Assets KRW 144.7tn, Equity KRW 12.9tn, Net income KRW 1.0tn
Net capital ratio (new NCR) at 3,353.92% indicating strong capital adequacy
Leverage ratio 720.10% well below regulatory limit of 1,100%
Contingent liabilities (guarantees + purchase commitments) KRW 777bn as of Q3 2025 (6% of equity)
Key risks: earnings volatility from market swings, bond valuation losses from rate changes, intensifying competition, hedging risks on derivatives-linked securities, impairments on overseas and alternative investments (subsidiary impairment of KRW 430.2bn on a consolidated basis), litigation risks (29 lawsuits as defendant worth KRW 264.2bn)