Kookmin Bank Issues “Bond-Type” Hybrid Tier 1 Securities(Apr. 22, 2003)
2003-04-24On April 22, 2003, the board of directors of Kookmin Bank has approved and ratified Kookmin Bank’s issuance of bond-type Hybrid Tier 1 Securities in Korean domestic market for the purpose of diversifying its funding sources and improving its BIS capital adequacy ratio.
This is related to and updates the previously approved Hybrid Tier1 Securities issuance resolution disclosed by us on January 17, 2003.
• Main Terms & Conditions of Hybrid Tier1 Securities Issue
- Security type: Bond-type Hybrid Tier1 Securities
- Amount: Up to KRW 1.3 trillion
- Expected issue timing: 2nd quarter of 2003 (could be flexibly adjusted and possible partial issuance)
- Maturity: 30 years (possible renewal with the same terms & conditions, if not redeemed)
- Interest rate: To be decided upon market interest rate on the date of issuance
- Interest payment type: Non-cumulative
- Call Option: To be decided