KB Financial subsidiary Kookmin Bank plans KRW 340 billion capital securities issue
KB•Kookmin Bank plans a KRW 340 billion public offering of perpetual bail-in contingent capital securities, with a KRW 500 billion issuance ceiling set by its board. Proceeds will fund operations to strengthen the bank’s BIS total capital ratio.
1. Planned securities issue
KB Financial Group subsidiary Kookmin Bank plans to issue KRW 340 billion of perpetual bail-in contingent capital securities. The board set a KRW 500 billion issuance ceiling on October 28, 2026, and the final amount will depend on bookbuilding. Proceeds will fund operations to strengthen the bank’s BIS total capital ratio.
2. Terms and write-off conditions
The securities will be callable starting five years after issuance, subject to regulatory approval. Principal and interest will be permanently written off in full if the bank is designated an insolvent financial institution.
