Mirae Asset Daewoo Successfully Issues 270 Billion Won Corporate Bonds

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo announced on the 19th that it successfully issued 270 billion KRW worth of public corporate bonds using the bulk registration system.

The corporate bond bulk registration system allows companies to register the amount they plan to raise within the next year at once and then issue bonds at their desired timing. Mirae Asset Daewoo had registered 500 billion KRW on the 11th.

On this day, Mirae Asset Daewoo raised 130 billion KRW and 140 billion KRW by dividing the maturities into 2 years and 3 years, respectively. The issuance interest rates were set at 1.527% for the 2-year bonds and 1.648% for the 3-year bonds.

Kyobo Securities served as the lead manager, and BNK Investment & Securities was listed as part of the underwriting group.

This corporate bond issuance was conducted with the purpose of improving the short- and long-term borrowing structure through repayment of short-term borrowings. Since 2018, Mirae Asset Daewoo has steadily issued senior, subordinated, and foreign currency bonds with maturities of 3, 5, and 7 years to improve its borrowing structure. In 2018, it issued senior bonds worth 1 trillion KRW; in 2019, senior bonds worth 500 billion KRW and subordinated bonds worth 500 billion KRW; and in 2020, senior bonds worth 1 trillion KRW (including registered amounts) and subordinated bonds worth 500 billion KRW. Additionally, as the first domestic securities company to successfully issue foreign currency bonds, it issued 300 million USD 3-year bonds in 2018, and in 2019, a total of 600 million USD including 300 million USD 3-year sustainable bonds and 300 million USD 5-year general bonds.

A Mirae Asset Daewoo official stated, “Mirae Asset Daewoo has continuously diversified its funding targets and investors by being the first domestic securities company to issue US dollar-denominated bonds and sustainable bonds. Moving forward, we will continue to issue medium- to long-term bonds to improve our borrowing structure and further strengthen the company’s financial stability.”

As of the end of March, Mirae Asset Daewoo has secured stable liquidity of approximately 5 trillion KRW.

This content was produced with the assistance of AI translation services.