Korea’s Kookmin Bank plans euro-denominated 3.5-year sustainability covered bond

By Rebecca Melvin

Concord, N.H., June 15 – South Korea’s Kookmin Bank is planning to offer a euro-denominated 3.5-year sustainability covered bond (expected ratings: AAA/AAA), according to a market source on Wednesday.

The lender has selected BNP Paribas, Citigroup, Credit Agricole CIB, ING, LBBW and Societe Generale as joint bookrunners and joint lead managers to arrange a series of fixed income investor conference calls regarding the bond beginning Wednesday.

Completion of the sale of the Regulation S notes, backed by Korean residential mortgages, is subject to market conditions.

The lender is based in Seoul.

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