Samara 한국어

KB Financial Group Inc. Decision on Issuance of Bail-in Contingent Capital Securities (Subsidiary's material business matters)

Original title (Korean): 상각형조건부자본증권발행결정(자회사의 주요경영사항)

Company
KB Financial Group Inc.
Ticker
KRX:105560
Market
KOSPI
Filing type
Hybrid Capital Securities Issuance
Filing date
Mar 8, 2024
DART receipt no.
20240308801060

AI Summary

Original filing ↓

KB Financial Group Decides on Issuance of KRW 340 billion Bail-in Contingent Capital Securities by Subsidiary Kookmin Bank

  • Subsidiary Kookmin Bank decided to issue domestic, bearer, unsecured, uncollateralized bail-in contingent capital securities (new common equity tier 1) worth KRW 340 billion.
  • The raised operating funds of KRW 340 billion are planned to be used to improve the BIS total capital adequacy ratio.
  • The bonds will be issued as perpetual bonds but include an option for early redemption after 5 or 10 years from the issuance date, subject to approval by the Governor of the Financial Supervisory Service.
  • If the issuing company is designated as a distressed financial institution or other specified events occur, the entire principal and interest of the bonds may be permanently written off.
  • The board resolution date is Mar 7, 2024.

Notes The total face value of KRW 340 billion is within the issuance limit of KRW 500 billion approved by the board and will be determined based on future demand forecast results. · The coupon rate and maturity interest rate will be determined by reflecting market interest rates at the time of issuance, based on future demand forecast results. · The subscription date, payment date, and lead underwriter will be determined and selected later.

This summary was generated automatically from the Korean filing and may contain errors. The original Korean filing prevails.

Original filing

The full filing is available in Korean only.

Other English summaries from KB Financial Group

DateFiling
Nov 11, 2026[Amendment] Report on Business Performance according to Consolidated Financial Statements (Fair Disclosure) (Subsidiary's material business matters)
AIKB Financial Group Amends Pre-tax Income to KRW 1.73 trillion Due to Fines
Nov 11, 2026[Amendment] Report on Business Performance according to Consolidated Financial Statements (Fair Disclosure) (Subsidiary's material business matters)
AIKB Financial Group Amends KB Securities Q3 Net Income to -KRW 59.13 billion Due to Fine
Nov 11, 2026[Amendment] Report on Business Performance according to Consolidated Financial Statements (Fair Disclosure)
AIKB Financial Group Amends Pre-tax Income to KRW 2.2 trillion Due to Fines
Nov 6, 2026[Amendment] Decision on Issuance of Amortized Contingent Capital Securities
AIKB Financial Group Amends Amortized Contingent Capital Securities Issuance Amount to KRW 300 billion
Oct 29, 2026Decision on Issuance of Bail-in Contingent Capital Securities (Subsidiary's material business matters)
AIKB Kookmin Bank Decides to Issue KRW 340 billion Bail-in Contingent Capital Securities

Source: Financial Supervisory Service, Data Analysis, Retrieval and Transfer System (DART), via OpenDART. https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20240308801060

DART receipt no. 20240308801060