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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
CITNAT
Kookmin Bank€650
1APAC
Sep 14, 2026
currency
EUR
size (m)
650.000
maturity
Sep 21, 2030
type
Fixed
tenor
4.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
-
s&p
AAA
fitch
AAA
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-4
guidance
MS+28 area
spread
24
coupon
3.625%
spread set
-
price
99.52900
yield
3.754%
book size (m)
970
peak book (m)
970
x-covered
1.49
book attrition
0.00%
nic
3
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
coordinating managers
-
book size (m)
970
peak book (m)
970
x-covered
1.49
book attrition
0.00%
nic
3
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
coordinating managers
-
Tranche Comments
Book size: 970; Registration: Reg S Only; Comments: OBL 2.2% 10/2030 +44.9bps (@95.855 - HR 100%). LEI: 549300XXMOJSIW8P4769 . Listing: SGX & Frankfurt;
Use of Proceeds
To finance new loans or refinance existing loans that have been issued within 24 months prior to the Issue Date and which fall under the Green and Social Eligible Categories as identified in the Kookmin Bank Sustainable Financing Framework dated May 2024
Relative Value

Covered Sustainable
4yr (Sep 2030) @ MS+28a

Implied Spread for fresh 4yr @ MS+21
Priced at MS+24
NIC of +3


COMPS

Ticker

Ratings (M/S/F)

Amount

Coupon

Maturity

Years

I+Mid

KHFC

Aaa/AAA/-

800

3.27

Sep-29

3

16

SHNHAN

Aaa/-/AAA

600

3.4116

Mar-30

3.5

17.5