Kookmin Bank explores bond offering backed by residential mortgages

Chicago, Oct. 2 – South Korea’s Kookmin Bank is exploring issuing a euro-denominated covered bond offering with a tenor of between three to five years (AAA/AAA), according to a sellside source.

The bonds would be backed by Korean residential mortgages.

Distribution would be Regulation S.

The bank is working BNP Paribas, Commerzbank, Credit Agricole CIB, HSBC, ING and Societe Generale as joint bookrunners and joint lead managers on the potential offering.

The lender is 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.