Mirae Asset Securities Issues Approximately 29 Billion KRW in Equity-Linked Bonds with Limited Impact on Shareholder Value
Mirae Asset Securities issued its 4000th and 4001st Equity-Linked Bonds ELBs on June 22 2026 raising approximately 29 billion KRW.
The 4000th series offers a yield of 7.70% per annum and pays principal plus interest at maturity if Samsung Electronics stock price remains above 75% of the strike price otherwise only principal is repaid.
The 4001st series provides monthly coupon payments with an annual yield of 7.05% but early redemption delivers only the principal amount.
The proceeds will be used for hedging transactions and purchasing high-grade bonds to ensure stable repayment at maturity.
The disclosure does not include any shareholder return measures such as share buybacks or cancellations.
[AI Summary]Mirae Asset Securities raised approximately 29 billion KRW via ELB issuance but as a debt financing it does not dilute existing shareholders minimizing impact on shareholder value. Funds are allocated for hedging and bond investments focusing on financial stability rather than growth. The issuer enjoys high creditworthiness resulting in low counterparty risk.