Mirae Asset Securities Prospectus for 20 Billion Won ELS Issuance Takes Effect Proceeds for Hedging
Mirae Asset Securities announced on July 20, 2026 that the registration statement for its 37980th and 37981st Equity-Linked Securities ELS prospectuses became effective.
The total offering amount is 20 billion won with 10 billion won each, linked to the KOSPI200 index and common shares of Samsung Electronics and SK Hynix.
All proceeds will be used for hedging activities including underlying asset trading and derivative transactions to manage risk.
The issuer maintains a credit rating of AA indicating low credit risk, but the ELS are classified as high-complexity financial products with potential for principal loss and limited liquidity as unlisted securities.
If subscription amounts fall below 1 billion won the issuance may be canceled and the dilution impact on existing shareholders is negligible.
[AI Summary]This prospectus documents the formal effectiveness of a 20 billion won ELS offering with limited direct financial impact on the capital market. While the issuer's AA credit rating mitigates default risk the product's complexity and principal loss potential necessitate careful investor evaluation.