KB Kookmin Bank issues 450 billion won of subordinated bonds
KB Kookmin Bank issues 450 billion won of subordinated bonds
  • 박효선 기자
  • 승인 2020.05.29 17:00
  • 최종수정 2020.05.29 16:40
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This article is translated by AI company Flitto and Infostock Daily using neural machine translation technology.

[Infostock Daily= Reporter Park Hyo-sun] KB Kookmin Bank announced on the 28th that it issued KRW 450 billion of KRW depreciation Contingent Convertible Bond(subordinated bonds).

In the forecast of demand conducted on the 19st, a total of 490 billion won was ordered for purchases, and KB Kookmin Bank decided to issue 450 billion won, an increase of 100 billion won from the original plan (350 billion won).

The bond maturity is 10 years, and the interest rate is 2.13% per annum, which adds 80bp to the 10-year Treasury bond interest rate.

Reporter Park Hyo-sun hs1351@infostock.co.kr


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