Mirae Asset Securities issues 3956th Equity-Linked Bond ELB worth 10 billion KRW. Underlying assets are KOSPI200 Index and Samsung Electronics common stock with a maturity of approximately 546 days.
This bond is a principal-protected low-risk product offering an annual yield of 3.5806% if both underlying assets are at or above 200% of initial price at maturity, or 3.5800% otherwise. The issuer's credit rating is AA, indicating strong financial standing.
Proceeds will be used for hedging underlying assets and investing in financial products. The bond is unlisted and not protected by the Depositor Protection Act.
[AI Summary]This 10 billion KRW ELB issuance by Mirae Asset Securities is a routine funding activity within the existing shelf registration balance, having a neutral impact on share value. The issuance size is negligible relative to market cap, and the AA credit rating mitigates credit risk.