Mirae Asset Securities issues 14.9 billion won ELB linked to Samsung Electronics, principal-protected monthly coupon product
Mirae Asset Securities issued a prospectus for its 4024th series Equity-Linked Bond ELB, raising 14.925 billion won, effective July 1, 2026.
This ELB is linked to Samsung Electronics common stock, offering a 7.62% annual coupon paid monthly if the underlying asset stays above 60% of initial price, with full principal protection at maturity.
Mirae Asset Securities holds an AA credit rating, and the funds raised will be used for hedging and financial investments.
[AI Summary]This ELB issuance has negligible impact on existing shareholders regarding dilution or cash flow; given the principal protection and high credit quality of the issuer, it is a neutral and stable investment product.