Mirae Asset Securities Issues 39.8 Billion KRW in ELB Series 4002 and 4003 for Hedging and Investment
Mirae Asset Securities issues a total of 39.8 billion KRW in Equity-Linked Bonds series 4002 and 4003 on June 9, 2026. Each series amounts to 19.9 billion KRW, linked to Samsung Electronics common stock.
The proceeds will be used for hedging transactions and financial investments to ensure stable repayment under the bond terms.
The bonds are unlisted and offer principal protection at maturity or upon automatic early redemption but are not covered by the depositor protection act. The issuer has a credit rating of AA from three agencies.
No shareholder return measures such as share buybacks or cancellations are announced in this disclosure. This is a debt financing with no dilution impact.
[AI Summary]This ELB issuance is a routine funding activity for Mirae Asset Securities with limited impact on existing shareholders. The use of funds for hedging and investment suggests a defensive capital allocation but the issuer's strong credit rating supports debt service capacity. Overall the effect on stock price is neutral.