Mirae Asset Securities Files Additional ELS Issuance of 450 Billion KRW under Shelf Registration
Mirae Asset Securities has filed an additional shelf registration statement to issue three tranches of equity-linked securities totaling 450 billion KRW under the remaining shelf limit of 5.9 trillion KRW.
These derivative-linked securities are linked to the KOSPI200 index and carry high risk with a maximum loss rate of 100%, where principal loss may occur under certain conditions.
Mirae Asset Securities maintains strong financial health with standalone net income of 595.1 billion KRW and an equity capital ratio of 3437% in 2025, while also enhancing shareholder returns through a 300 KRW dividend yield of approximately 6% and 80 billion KRW in share buybacks.
[AI Summary]This additional issuance is a routine funding activity utilizing remaining shelf capacity, causing no dilution to common equity or structural change, thus having no direct impact on existing shareholder value. As an AA-rated issuer, credit risk is low, but individual investors face high underlying asset volatility.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)