Samara 한국어

KB Financial Group Inc. Decision on Issuance of Amortized Contingent Capital Securities

Original title (Korean): 주요사항보고서(상각형조건부자본증권발행결정)

Company
KB Financial Group Inc.
Ticker
KRX:105560
Market
KOSPI
Filing type
Hybrid Capital Securities Issuance
Filing date
Sep 27, 2024
DART receipt no.
20240927000850

AI Summary

Original filing ↓

KB Financial Group Decides to Issue KRW 405 billion Amortized Contingent Capital Securities

  • KB Financial Group decided to issue domestic bearer, unsecured, uncollateralized amortized contingent capital securities (new common equity Tier 1) worth KRW 405 billion.
  • The proceeds are planned to be used for debt repayment.
  • The bonds are perpetual, but early redemption is possible after 5 years from the issuance date with approval from the Governor of the Financial Supervisory Service.
  • If the issuer is designated as a distressed financial institution, the entire principal and interest of the bonds may be permanently written off.
  • The board resolution date is Sep 27, 2024.

Notes The total face value of KRW 405 billion is planned to be determined based on future demand forecast results within the issuance limit of KRW 600 billion approved by the board resolution. · The coupon rate and maturity interest rate are planned to be determined by reflecting market interest rates at the time of issuance based on future demand forecast results. · The bond maturity is perpetual, and the maturity date arrives on the earlier of the date of bankruptcy declaration or the commencement of liquidation proceedings. · The subscription date and payment date are planned to be determined based on the schedule of consultations with supervisory authorities and market conditions. · If reasons for debt restructuring arise, such as the issuer being designated as a distressed financial institution, the entire principal and interest of the bonds may be permanently written off.

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=20240927000850

DART receipt no. 20240927000850