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Published on 5/3/2021 in the Prospect News Emerging Markets Daily.

New Issue: Kookmin Bank sells RMB 150 million of notes due 2022 in two series

By Rebecca Melvin

New York, May 3 – South Korea’s Kookmin Bank has priced RMB 150 million of notes due 2022 in two series, according to two listing notices.

A RMB 100 million tranche of notes due April 29, 2022 priced with a 3% coupon on April 28, and a RMB 50 million tranche of notes due April 18, 2022 priced with a 3.05% coupon on April 16.

The Regulation S notes were sold via lead manager and bookrunner Standard Chartered Bank and will be listed on the Singapore Exchange on May 4.

Kookmin Bank is a lender based in Seoul.

Issuer:Kookmin Bank
Issue:Notes
Amount:RMB 150 million
Bookrunner:Standard Chartered Bank
Distribution:Regulation S
Listing date:May 4
3% notes
Amount:RMB 100 million
Maturity:April 29, 2022
Coupon:3%
Pricing date:April 28
3.05% notes
Amount:RMB 50 million
Maturity:April 18, 2022
Coupon:3.05%
Pricing date:April 16

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