By Mary-Katherine Stinson
Lexington, Ky., July 27 – Korea’s Mirae Asset Securities Co., Ltd. issued $400 million of 6 7/8% notes due July 26, 2026 (Baa2/BBB), according to a pricing supplement.
The notes priced at 95.521.
They are non-callable.
They will be distributed through Regulation S and the 20% rule in Korea.
Citigroup Global Markets Ltd., HSBC, Mirae Asset Securities (Singapore) Pte. Ltd. and Standard Chartered Bank are the joint lead managers and joint bookrunners.
The three-year notes are expected to be listed on July 27.
They were issued under the company’s $5 billion medium-term note program.
Mirae is a brokerage and investment banking firm based in Seoul, South Korea.
| Issuer: | Mirae Asset Securities Co., Ltd.
|
| Issue: | Senior notes, series 2023-1
|
| Amount: | $400 million
|
| Maturity: | July 26, 2026
|
| Bookrunners: | Citigroup Global Markets Ltd., HSBC, Mirae Asset Securities (Singapore) Pte. Ltd. and Standard Chartered Bank
|
| Trustee: | Citicorp International Ltd. as fiscal agent
|
| Counsel to issuer: | Lee & Ko
|
| Counsel to bookrunners: | Linklaters LLP
|
| Coupon: | 6 7/8%
|
| Price: | 95.521
|
| Call features: | Non-callable
|
| Pricing date: | July 19
|
| Settlement date: | July 26
|
| Listing date: | July 27
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
| Distribution: | Regulation S
|
| ISIN: | XS2651633609
|
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