Mirae Asset Securities Issues 15 Billion KRW Series 3993 Equity-Linked Bonds with Principal Protection Structure for Funding
Mirae Asset Securities issues 15 billion KRW worth of Series 3993 Equity-Linked Bonds ELB on June 12 2026. The underlying assets are KOSPI200 index and Samsung Electronics common stock with maturity on December 10 2027.
This bond has a principal protection structure offering an annual return of 4.0006% if both underlying assets close at 500% or more of their initial strike prices and 4.0000% otherwise. The bond is unlisted and early redemption may result in principal loss.
The issuer Mirae Asset Securities holds a credit rating of AA and the proceeds will be used for hedging and investment in financial instruments. This derivative bond is not protected by the depositor protection act.
[AI Summary]Mirae Asset Securities 15 billion KRW Series 3993 ELB issuance is a principal-protected derivative bond with no equity dilution risk as it is a debt instrument. Funds are used for hedging purposes. The AA credit rating indicates low credit risk but the unlisted status limits liquidity. Impact on existing shareholder value is minimal.