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Published on 11/3/2023 in the Prospect News Emerging Markets Daily.

New Issue: Kookmin Bank issues $100 million of floaters due 2024 in two series

By Mary-Katherine Stinson

Lexington, Ky., Nov. 3 – South Korea’s Kookmin Bank issued two tranches of floating-rate notes totaling $100 million, according to multiple notices.

One tranche was issued on Oct. 19 and the other tranche on Oct. 20. Both will be listed in Singapore on Nov. 6.

The lender is based in Seoul.

Issuer:Kookmin Bank
Amount:$100 million
Issue:Notes
Listing date:Nov. 6
Tranche 1
Amount:$50 million
Maturity:Oct. 21, 2024
Coupon:Floating rate
Settlement date:Oct. 19
ISIN:XS2706175655
Tranche 2
Amount:$50 million
Maturity:Oct. 21, 2024
Coupon:Floating rate
Settlement date:Oct. 20
ISIN:XS2707098260

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