Mirae Asset Securities Issues KRW 20 Billion in Equity-Linked Bonds with Effective Registration, Principal Protection Features
Mirae Asset Securities announced the effectiveness of the securities registration for its ELB Series 4030 and 4031 totaling KRW 20 billion as of July 10, 2026.
Series 4030 is linked to SK Hynix with a 3-year maturity, autocall barrier at 80%, offering 8.60% annual return and principal protection at maturity. Series 4031 is linked to KOSPI200 and SK Hynix with monthly coupon payments of 0.7575%, autocall barrier at 70%, and also principal protected at maturity.
Proceeds will be used for hedging and financial product investments. The issuer holds a solid AA credit rating, but investors should note that principal repayment depends on the issuer's solvency.
[AI Summary]This filing confirms the effectiveness of Mirae Asset Securities' derivative-linked bond registration, involving no shareholder dilution. The raised capital will fund hedging activities. While the issuer enjoys an AA credit rating, investors must acknowledge the risks of issuer default and potential principal loss upon early redemption.