Commentary & Deal Flow

Reoffer: 3yr FRN: SOFR+48 / 100 5yr FXD: T+33 / 99.92 / 4.268%
Benchmark: 5yr FXD: T 3.875% 31-Mar-31 @ 99-23 / 3.938%

Final Books: Combined books over US$8.5bn (incl. US$275m JLM + US$250k add'l "prop" per SFC code)

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
• Settlement Date: 07-May-26
• Maturity Date:
• • 3yr FRN: 07-May-29
  • 5yr FXD: 07-May-31
• Size:
• • 3yr FRN: US$300m
  • 5yr FXD: US$400m
• Reoffer Spread:
• • 3yr FRN: SOFR+48bps
  • 5yr FXD: T+33bps
• Coupon:
• • 3yr FRN: SOFR+48bps
  • 5yr FXD: 4.250% (S/A, 30/360)
• Reoffer Price/Yield:
• • 3yr FRN: 100/--
  • 5yr FXD: 99.920/4.268%
• 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
• ISIN (144A/Reg S):
• • 3yr FRN: US500498AQ32/USY2350DEQ52
  • 5yr FXD: US500498AR15/USY2350DER36
• 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
• TOE: 10:41 NYT (27-Apr-26)
• Stabilization: FCA / ICMA stabilization applies.