KB Financial Group Inc. Decision on Issuance of Bail-in Contingent Capital Securities (Subsidiary's material business matters)
Original title (Korean): 상각형조건부자본증권발행결정(자회사의 주요경영사항)
AI Summary
Original filing ↓KB Kookmin Bank Decides to Issue KRW 340 billion Bail-in Contingent Capital Securities
- Subsidiary KB Kookmin Bank decided to issue KRW 340 billion worth of domestic, bearer, unsecured, uncollateralized bail-in contingent capital securities (new hybrid capital securities).
- The raised operating funds of KRW 340 billion are planned to be used to improve the BIS total capital ratio.
- The final issuance amount will be determined based on future demand forecast results within the issuance limit of KRW 500 billion.
- 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 bond maturity is perpetual, but an option to redeem early after 5 years from the issuance date with approval from the Governor of the Financial Supervisory Service has been granted.
Notes The final issuance amount will be determined based on future demand forecast results within the issuance limit of KRW 500 billion. · 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 and payment date will be determined based on consultation schedules with supervisory authorities and issuance market conditions. · The lead underwriter will be selected at a later date. · If a debt restructuring event occurs, 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
| Date | Filing |
|---|---|
| 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 |
Source: Financial Supervisory Service, Data Analysis, Retrieval and Transfer System (DART), via OpenDART. https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20261029800570
DART receipt no. 20261029800570