Mirae Asset Securities Reports ELS Issuance Performance with Partial Subscription Rates from 4.63% to 38.54%
Mirae Asset Securities completed the issuance of four series of equity-linked securities ELS from series 36674 to 36677 on July 7, 2026 and submitted a Securities Issuance Performance Report.
Total actual funding was approximately 23.9 billion KRW against a planned total of about 119 billion KRW, resulting in an overall subscription rate of roughly 20% with wide variation from 4.63% to 38.54% per series.
The raised funds will be used for purchasing high-quality bonds and derivative hedging transactions to ensure stable repayment at maturity.
These ELS products are non-principal protected with no conversion rights into equity, so no dilution to existing shareholders occurs.
[AI Summary]The issuance performance report confirms lower-than-expected subscription rates for Mirae Asset Securities ELS, but the funds are limited to hedging activities and no equity conversion is possible, resulting in no direct impact on shareholder value. This is considered a neutral event for existing shareholders.