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 raised funds are planned to be used for debt repayment.
- The subscription date and payment date are Nov 12, 2026.
- The bond maturity is perpetual, but there is a call option after 5 years from the issuance date.
- If the issuer is designated as a failed financial institution, the entire principal and interest of the bonds may be permanently written off.
Notes The total face value of KRW 270 billion 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 yield are planned to be determined by reflecting market interest rates at the time of issuance, based on future demand forecast results. · The bond maturity date is not specified and is in perpetual form. · Early redemption at the issuer's option is possible only after 5 years from the issuance date and with prior approval from the Governor of the Financial Supervisory Service. · If the issuer is designated as a failed financial institution, the securities will be fully and permanently written off, and such write-off is not considered a default or insolvency event.
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=20261029000407
DART receipt no. 20261029000407