Mirae Asset Securities Reports Issuance of 4011th ELB, Raising 13.3 Billion Won for Hedging
Mirae Asset Securities issued the 4011th series of Equity-Linked Bonds ELB, raising a total of 13.327 billion won. The subscription rate was 89.29% compared to the planned 14.925 billion won.
The proceeds will be used for hedging transactions to ensure stable repayment at maturity. The bond is linked to Samsung Electronics common stock, matures on July 10, 2029, and is unlisted.
Issuance costs amounted to 666,360 won in other expenses, and the offering was conducted directly without underwriters. No dilution of existing shareholder value occurs.
[AI Summary]This securities issuance report covers a routine debt issuance with no equity dilution. Funds are conservatively allocated to hedging for maturity repayment. Mirae Asset Securities maintains sound credit quality with no governance concerns.