Published on 2/1/2021 in the Prospect News Emerging Markets Daily.
New Issue: Korea’s Kookmin Bank sells $80 million notes in two series due 2026
By Taylor Fox
New York, Feb. 1 – Kookmin Bank issued $50 million of 0.99% fixed-rate notes due 2026 and $30 million of 0.98% fixed-rate notes due 2026, according to notices.
Credit Agricole CIB was the bookrunner on the 0.99% notes and ING Bank NV was the bookrunner on the 0.98% notes.
The lender is based in Seoul, South Korea.
Issuer: | Kookmin Bank
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Issue: | Fixed-rate notes
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Amount: | $80 million
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Listing date: | Feb. 2
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0.99% notes
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Amount: | $50 million
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Maturity: | Jan. 15, 2026
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Coupon: | 0.99%
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Bookrunner: | Credit Agricole CIB
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Settlement date: | Jan. 15
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0.98% notes
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Amount: | $30 million
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Maturity: | Feb. 1, 2026
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Coupon: | 0.98%
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Bookrunner: | ING Bank NV
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Settlement date: | Feb. 1
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