Chicago, March 1 – Mirae Asset Securities Co., Ltd. issued $600 million of senior notes in two parts (Baa2/BBB), according to an offering document.
The deal included two $300 million equal-sized tranches.
A three-year tranche priced with a 5 7/8% coupon. The notes priced at 99.252.
A five-year tranche priced with a 6% coupon, at 98.966.
Citigroup Global Markets Ltd., Credit Agricole CIB, HSBC Ltd. and Mirae Asset Securities (Singapore) Pte. Ltd. are the bookrunners.
Proceeds will be used for general corporate purposes.
Mirae is a brokerage and investment banking firm based in Seoul, South Korea.
| Issuer: | Mirae Asset Securities Co., Ltd.
|
| Amount: | $600 million
|
| Issue: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Ltd., Credit Agricole CIB, HSBC Ltd. and Mirae Asset Securities (Singapore) Pte. Ltd.
|
| Trade date: | Jan. 22
|
| Settlement date: | Jan. 26
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
| Distribution: | Regulation S
|
|
|
| Three-year notes
|
| Amount: | $300 million
|
| Issue: | Series 2024-1 notes
|
| Maturity: | Jan. 26, 2027
|
| Coupon: | 5 7/8%
|
| Price: | 99.252
|
| Call features: | Non-callable
|
| ISIN: | XS2739009939
|
|
|
| Five-year notes
|
| Amount: | $300 million
|
| Issue: | Series 2024-2 notes
|
| Maturity: | Jan. 26, 2029
|
| Coupon: | 6%
|
| Price: | 98.966
|
| Call features: | Non-callable
|
| ISIN: | XS2739009855
|
|
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