Mirae Asset Securities Issues 10 Billion KRW ELB, No Dilution for Shareholders
Mirae Asset Securities will issue 1,000,000 Equity-Linked Bonds ELB with face value of 10,000 KRW each linked to the KOSPI200 index on June 25 2026 raising a total of 10 billion KRW.
The bonds have a one-year maturity offering a maximum annual return of 3.41% with no principal loss condition classified as low risk grade 5 and are unlisted so liquidity is limited.
The proceeds will be used for hedging transactions and investments in financial instruments to ensure stable redemption resulting in no dilution or capital structure change for shareholders.
The issuer Mirae Asset Securities holds a credit rating of AA indicating strong creditworthiness and the bonds are not covered by deposit insurance.
[AI Summary]Mirae Asset Securities 10 billion KRW ELB issuance is a debt financing without shareholder dilution having limited market impact; its AA credit rating ensures investor confidence but the unlisted nature poses early redemption risk at a possible loss.