Mirae Asset Securities Issues 30 Billion KRW in ELBs with No Equity Dilution Impact
Mirae Asset Securities will issue two series of Equity-Linked Bonds totaling 30 billion KRW on June 19, 2026. The 4005th series has a 1-year maturity and the 4006th series a 6-month maturity, each raising 15 billion KRW.
The proceeds will be used for hedging underlying assets and investing in financial instruments. The unsecured bonds carry the issuer's AA credit rating and are not protected by the depositor protection act.
These unlisted securities have limited liquidity and pose credit risk; early redemption may result in principal loss. Underlying assets are KOSPI200 and Samsung Electronics common stock, both at historical highs.
[AI Summary]This debt issuance does not dilute existing shareholders and has a neutral impact on shareholder value. However, the high-risk nature of the unlisted ELBs requires careful investor attention, while the issuer's AA rating provides a stable credit backdrop.