KB Financial Group Inc. Decision on Issuance of Amortized Contingent Capital Securities
Original title (Korean): 주요사항보고서(상각형조건부자본증권발행결정)
AI Summary
Original filing ↓KB Financial Group Decides to Issue KRW 270 billion Amortized Contingent Capital Securities
- KB Financial Group decided to issue domestic bearer, unsecured, uncollateralized amortized contingent capital securities (new hybrid capital securities) worth KRW 270 billion.
- The proceeds are planned to be used for debt repayment.
- The bonds are planned to be issued via public offering.
- The board resolution date (decision date) is Jul 23, 2026.
Notes The total face value (electronic registration) of the bonds is planned to be determined based on future demand forecast results, within the issuance limit of KRW 400 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. · Although the bond maturity is perpetual, it is issued with a 5-year early redemption option from the issuance date, and early redemption is possible at the issuer's discretion on each interest (dividend) payment date (every 3 months) after the option exercise date, only if prior approval is obtained from the Governor of the Financial Supervisory Service. · The subscription date and payment date are planned to be determined based on the schedule of consultations with supervisory authorities and issuance market conditions.
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=20260723000413
DART receipt no. 20260723000413