Mirae Asset Securities will publicly issue KRW 10 billion (1,000,000 notes at KRW 10,000 each) of Equity-Linked Bonds (ELB) with a 1-year maturity starting June 11, 2026.
This ELB is linked to the KOSPI200 index and offers principal protection: if the index ends above 200% of the initial level, the return is 3.26% p.a.; otherwise, 3.25% p.a.
The securities are unlisted and early redemption is possible at 90-95% of fair value, which may result in principal loss.
The issuer, Mirae Asset Securities, has a credit rating of AA (as of January 2026), and the bonds are not protected by the Depositor Protection Act.
Proceeds will be used for hedging and investment in financial products.
[AI Comprehensive Analysis]This ELB issuance is a routine funding activity for Mirae Asset Securities, involving no new equity issuance or dilution, thus having a neutral impact on existing shareholders. The size is small relative to capital and the purpose is hedging, so its effect on the stock price is limited.