Mirae Asset Securities Files Additional Registration for 5 Billion Won ELB Issuance Under Shelf Program, No Shareholder Dilution
Mirae Asset Securities filed an additional registration statement with the Financial Services Commission on July 14, 2026 for the issuance of its 4032nd equity-linked derivative bond.
This issuance is an additional offering under the existing shelf registration program that became effective on August 12, 2025, with a public offering of 5 billion won in principal-guaranteed ELBs to be subscribed on July 16, 2026.
The ELB is linked to the KOSPI200 index and Samsung Electronics common stock, offering a maximum annual return of 3.7621%, and is classified as low risk grade 5.
The issuer, Mirae Asset Securities, maintains an AA credit rating, and the proceeds will be used for hedging transactions to support stable repayment under the bond terms.
As this is a non-convertible derivative bond, there is no dilution for existing shareholders.
[AI Summary]The 5 billion won ELB issuance by Mirae Asset Securities is a routine additional offering under the existing shelf program, involving no new capital raising or shareholder dilution. The AA-rated issuer shows strong creditworthiness, and the funds will be deployed for hedging activities, reflecting a conservative capital allocation plan. While the equity-linked derivative structure guarantees principal at maturity, early redemption may incur losses depending on market conditions.