Korea’s Kookmin Bank plans euro-denominated five-year green bonds

By Rebecca Melvin

Concord, N.H., Oct. 8 – South Korea’s KB Kookmin Bank has selected banks and scheduled a fixed-income investor call regarding an offering of euro-denominated five-year green covered bonds (expected rating: /AAA/AAA), according to a syndicate source on Friday.

BNP Paribas, Citigroup, Credit Suisse, ING, JPMorgan and KB Securities are joint bookrunners and joint lead managers of the Regulation S deal.

An investor conference call is set to occur on Oct. 12. A green covered bond transaction, backed by Korean residential mortgages may follow, subject to market conditions.

Kookmin Bank is a lender based in Seoul.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.