Mirae Asset Securities ELB Series 4022 and 4023 Take Effect, Total KRW 19.9 Billion Principal-Protected KOSPI200-Linked Notes
Mirae Asset Securities announced that the registration statements for its ELB Series 4022 and 4023 became effective on June 30, 2026.
The total issuance amount is KRW 19.94 billion, with each series at KRW 9.97 billion, linked to the KOSPI200 index as underlying asset.
Series 4022 offers a monthly coupon of 9.18% per annum and Series 4023 offers 8.25% per annum, with 100% principal protection at maturity.
Proceeds will be used for hedging transactions and investments in financial products. The issuer maintains an AA credit rating.
[AI Summary]This ELB issuance is debt financing with no dilution risk to existing shareholders. The use of proceeds is for hedging and investment rather than growth, but the issuer's strong AA credit rating limits default risk. Investors should note that while principal is protected at maturity, these bonds are not deposit-insured and early redemption may incur losses.