No results found for "".

Commentary & Deal Flow

NEW ISSUE: Kookmin Bank US$ bmk 3yr FRN & 5yr Sr Unsec; SOFR+85a & T+70a

IGC APAC Market: Deal Flow - GeneralIGC European Market: Deal Flow - GeneralIGC US Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

IPT

Kookmin Bank

3yr

07-May-29

bmk

Sr Unsec

Floating

SOFR+85a

Kookmin Bank

5yr

07-May-31

bmk

Sr Unsec

Fixed

T+70a




IPTs: 3yr FRN: SOFR+85a 5yr FXD: T+70a

  • Issuer: Kookmin Bank
  • Issuer Ratings: Aa3 (Stable) by Moody’s / A+ (Stable) by S&P / A (Stable) by Fitch
  • Exp. Issue Ratings: Aa3 by Moody’s / A+ by S&P
  • Status: 144A/Reg S, Registered Form, Issued under Kookmin Bank’s US$10bn GMTN programme
  • Ranking: Senior Unsecured
  • Size: US$ Benchmark
  • Settlement Date: 07-May-26
  • Maturity Date:
    • 3yr FRN: 07-May-29
    • 5yr FXD: 07-May-31
  • Initial Price Guidance:
    • 3yr FRN: SOFR+85bps area
    • 5yr FXD: CT5+70bps area
  • SOFR Convention: Compounded Daily SOFR in arrear and paid quarterly (5 U.S. Government Securities Business Days Lookback)
  • Day Count / Business Day Convention:
    • 3yr FRN: ACT/360, Adjusted / Modified Following Business Day
    • 5yr FXD: 30/360, Unadjusted / Following Business Day
  • Denominations: US$200k/1k
  • Governing Law: English Law
  • Listing: SGX-ST
  • Use of Proceeds: General Corporate Purposes
  • Joint Bookrunners: BofA Securities, Citigroup (B&D), HSBC, Korea Development Bank, MUFG and Standard Chartered Bank*
  • Timing: Today’s business (during NY hours)