Mirae Asset Securities Issues KRW 10 Billion 4037th Equity-Linked Derivative Bond with Principal Protection Linked to Samsung Electronics, AA Rating and Ongoing Share Buyback
Mirae Asset Securities filed an additional shelf registration on July 22, 2026 for its 4037th Equity-Linked Derivative Bond ELB of 10 billion won linked to Samsung Electronics common stock. The 3-year product offers a monthly coupon of 0.8175% annual 9.81% if the underlying stays above 65% of the initial strike and guarantees principal at maturity.
The proceeds will be used for hedging and derivative trading to secure stable repayment under the bond conditions.
According to the attached financial statements, the company paid a cash dividend of 300 won per common share for fiscal year 2025 plus a stock dividend, and is proceeding with a 100 billion won treasury share acquisition and cancellation plan authorized by the board in January 2026.
The consolidated BIS capital adequacy ratio of the issuer stands at 3,437.05%, well above regulatory requirements, and the credit rating is AA, indicating strong financial health.
[AI Summary]Mirae Asset Securities' 4037th ELB issuance is a debt fundraising without equity dilution, featuring principal protection and attractive monthly yield. The AA credit rating and high BIS ratio underpin repayment credibility. Ongoing share buybacks and dividends reinforce shareholder return policy.