Mirae Asset Securities Issues 80 Billion Won ELB Series 3991 with Principal Protection and Annual 3.75% Return, Proceeds for Hedging
Mirae Asset Securities will issue the 3991st Equity-Linked Derivative Bond ELB worth 80 billion won through subscription on June 12 2026. This low-risk principal-protected product is linked to the KOSPI200 index and Samsung Electronics common stock and pays 103.74% of face value at maturity.
Net proceeds of approximately 79.996 billion won will be used for hedging transactions in underlying assets and derivatives to ensure stable repayment. The issuer maintains an AA credit rating from NICE KIS and Korea Ratings with extensive experience in derivative-linked securities.
This derivative bond is unlisted and not protected by the Depositor Protection Act. The issuer's credit rating is AA as assessed by NICE Credit Evaluation, Korea Credit Evaluation, and Korea Enterprise Rating.
[AI Summary]Mirae Asset Securities' 80 billion won ELB issuance is a debt-linked offering within the existing shelf registration limit with no equity dilution. Funds allocated for hedging rather than expansionary investment limit upside for shareholders but the AA credit rating of the issuer provides strong counterparty reliability.