Mirae Asset Securities Issues 225 Billion KRW in ELS, No Dilution and AA Credit Rating Support Stability
Mirae Asset Securities is conducting a public offering of 19 tranches of Equity Linked Securities ELS totaling 225 billion KRW, with subscription period from June 22 to July 1, 2026.
This issuance is within the remaining limit of the existing shelf registration, and the proceeds will be used for hedging of underlying assets and financial investments.
Mirae Asset Securities holds an AA credit rating, and these securities are not protected by the Depositor Protection Act, being high-difficulty principal-guarantee products.
[AI Summary]Mirae Asset Securities' additional ELS issuance is neutral to shareholder value as it involves no dilution and serves hedging purposes, but the capital allocation is defensive rather than growth-oriented; however, the issuer's strong AA credit rating and status as a major domestic securities firm mitigate investment risk.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)