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Commentary & Deal Flow

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Kookmin Bank

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Kookmin Bank

by Jp Albin

Apr 27, 2026 9:47 AM ET

LAUNCHED: Kookmin Bank US$700m 3yr FRN & 5yr Sr Unsec; SOFR+48 & T+33

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

Issuer	Term	Maturity	Size	Ranking	Type	IPT	Guidance	Spread Set
Kookmin Bank	3yr	07-May-29	US$300m	Sr Unsec	Floating	SOFR+85a	SOFR+48	SOFR+48
Kookmin Bank	5yr	07-May-31	US$400m	Sr Unsec	Fixed	T+70a	T+33	T+33

Launched: 3yr FRN: US$300m @ SOFR+48bp 5yr FXD: US$400m @ T+33bp
Guidance: 3yr FRN: SOFR+48# 5yr FXD: T+33# - Combined books over US$8.5bn (incl. US$275m JLM + US$250k add'l "prop" per SFC code)
Book Update: Books over US$5bn (incl. US$75m JLM int.)
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$300m (3yr FRN) / US$400m (5yr FXD)
Settlement Date: 07-May-26
Maturity Date:
- 3yr FRN: 07-May-29
- 5yr FXD: 07-May-31
Reference Benchmark: 5yr FXD: T 3.875% 31-Mar-31
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
Books: Asia & EMEA books subject.
Timing: Today’s business