Mirae Asset Securities Issues KRW 60 Billion Inverse 2X KOSPI200 ETN for Hedging; Limited Impact on Shareholder Value
Mirae Asset Securities issued the 117th series of Exchange Traded Notes (ETN) based on the KOSPI200 Futures TWAP Inverse 2X Index, worth KRW 60 billion (issue price KRW 30,000 per note, total 2 million notes).
The ETN has a 5-year maturity (final trading date: May 21, 2031) and is settled in cash at maturity.
Proceeds will be fully used for hedging transactions to ensure stable payment of redemption amounts.
The issuance is conducted as a deemed public offering, with all notes allocated to the liquidity provider (Mirae Asset Securities) without a general subscription.
This is a routine business activity that does not involve capital increase or change in shareholder value.