Mirae Asset Securities 4024th Series ELB Issuance Report, 47.9% Subscription Rate, Funds Allocated for Hedging
Mirae Asset Securities completed the issuance of its 4024th series Equity-Linked Bond ELB, raising 7.15 billion KRW, only 47.9% of the planned 14.925 billion KRW.
The bond is linked to Samsung Electronics common stock, featuring monthly coupon payments and automatic early redemption with principal protection.
The proceeds will be used for hedging activities including purchases of high-quality bonds and derivatives. This issuance does not dilute shareholder equity.
[AI Summary]Mirae Asset Securities' 4024th ELB issuance recorded a low subscription rate, but as a non-convertible debt issuance, it has no direct impact on existing shareholder value. The funds are allocated to conservative hedging for stable maturity repayment.