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Kookmin Bank sets €500 million five-year green covered bond yield at mid-swaps plus 14 bps
By Rebecca Melvin
Concord, N.H., Oct. 13 – South Korea’s KB Kookmin Bank set final terms on a €500 million five-year green covered bond (expected rating: /AAA/AAA) for a yield of mid-swaps plus 14 basis points, according to a syndicate source on Wednesday.
Order books for the issue were in excess of €1.1 billion.
As previously reported, BNP Paribas, Citigroup, Credit Suisse, ING, JPMorgan and KB Securities are joint bookrunners and joint lead managers of the Regulation S deal.
The covered bond is backed by Korean residential mortgages.
Kookmin Bank is a lender based in Seoul.
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