KB Financial Group Inc. [Amendment] Decision on Issuance of Bail-in Contingent Capital Securities (Subsidiary's material business matters)
Original title (Korean): [기재정정]상각형조건부자본증권발행결정(자회사의 주요경영사항)
AI Summary
Original filing ↓KB Financial Group Amends Issuance Terms for Bail-in Contingent Capital Securities by Subsidiary Kookmin Bank
- Subsidiary Kookmin Bank amended the issuance terms for bail-in contingent capital securities.
- The total face value of the bonds was amended from KRW 340 billion to KRW 358 billion.
- The coupon rate was determined to be 4.22%.
- The reason for the amendment is due to the determination of securities issuance conditions.
Notes The issuance of these securities is intended to improve the BIS total capital ratio. · The bond maturity is perpetual, with an early redemption option granted 5 years from the issuance date. · Early redemption is possible only after 5 years from the issuance date and upon obtaining prior approval from the Governor of the Financial Supervisory Service.
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
Source: Financial Supervisory Service, Data Analysis, Retrieval and Transfer System (DART), via OpenDART. https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20240523800447
DART receipt no. 20240523800447