Mirae Asset Securities issues 19.9 billion KRW in KOSPI200-linked equity-linked bonds for hedging
Mirae Asset Securities is issuing a total of 19.94 billion KRW in two series of equity-linked bonds, series 4008 and 4009, each amounting to 9.97 billion KRW.
The underlying asset is the KOSPI200 index, with a maturity date of July 10, 2029, and the structure guarantees 100% principal at maturity.
The proceeds will be used for hedging transactions including underlying asset trading and derivatives to ensure stable redemption payments.
These bonds are non-listed, unsecured, and not protected by depositor protection laws; the issuer's credit rating is AA.
[AI Summary]Mirae Asset Securities issues approximately 19.9 billion KRW in equity-linked bonds for hedging purposes. There is no dilution to existing shareholders as the bonds are not convertible. The funding supports the company's risk management, but investors face credit risk and liquidity constraints.