Mirae Asset Securities Issues 7.1 Billion Won in Equity-Linked Bonds with No Dilution to Shareholders
Mirae Asset Securities issued two series of equity-linked bonds on June 19, 2026, raising approximately 7.1 billion won.
The issuance consists of debt securities, resulting in zero dilution for existing shareholders.
Proceeds will be used for hedging purposes, purchasing high-quality bonds and entering derivative transactions to ensure stable repayment at maturity.
Series 3998, linked to the KOSPI200 index, offers a monthly yield of 7.71% per annum but saw a subscription rate of only 41.9%, leading to partial issuance.
Series 3999, linked to Samsung Electronics and SK Hynix, offers a monthly yield of 9.51% per annum and achieved a subscription rate of 99.4%.
[AI Summary]The issuance of equity-linked bonds by Mirae Asset Securities is value-neutral for shareholders, raising funds without capital changes and using them for hedging. Low subscription for one series indicates limited market demand, but the impact on creditworthiness is minimal, and no dilution risk exists.