Mirae Asset Securities Issues Additional 39.8 Billion Won Equity-Linked Bonds for Hedging Purposes with AA Credit Rating
Mirae Asset Securities is publicly offering four tranches of equity-linked bonds from series 3994 to 3997 totaling 39.84 billion won with subscription date on June 22 2026.
Each tranche is linked to the KOSPI200 index with a principal-protected structure classified as low risk grade 5 and pays at least the principal at maturity or upon automatic early redemption.
The proceeds will be used for hedging activities including trading in underlying assets and derivatives to ensure stable repayment under the bond terms.
The issuer maintains an AA credit rating but these securities are not covered by the depositor protection act and are unlisted leading to limited liquidity and potential principal loss upon early redemption.
[AI Summary]This equity-linked bond issuance by Mirae Asset Securities is a routine funding within the existing shelf registration limit with negligible dilution to shareholder value. While the use of proceeds for hedging does not directly boost profitability the strong AA credit rating supports investor confidence.