Mirae Asset Securities issues 15 billion KRW in ELBs for hedging no shareholder dilution
Mirae Asset Securities will issue the 4010th and 4013th Equity-Linked Bonds on July 3, 2026 for 10 billion KRW and 5 billion KRW respectively.
The underlying assets are Samsung Electronics common stock alone or combined with Hyundai Motor common stock, with a maturity of July 10, 2029 and principal protection structure.
Proceeds will be used for hedging transactions in underlying assets and derivatives to ensure stable repayment.
The issuer has a AA credit rating; these are unsecured unguaranteed bonds not covered by depositor protection.
No dilution or capital change for existing shareholders as this is a debt issuance.
[AI Summary]The 15 billion KRW ELB issuance by Mirae Asset Securities is routine funding for hedging with no direct impact on shareholder value. The AA credit rating implies low credit risk. Although principal-protected, risks exist due to underlying asset linkage and issuer solvency.