Commentary & Deal Flow

Launched: 4yr: €650m @ MS+24bp - Books > €950m (incl. €125m JLM)
Spread set at: 4yr: MS+24bp - Books > €940m (incl. €125m JLM)
Guidance: 4yr: MS+28a

• Issuer: Kookmin Bank (the "Issuer")
• LEI: 549300XXMOJSIW8P4769
• Issuer Ratings: Aa3 (stable) (Moody's), A+ (stable) (S&P), A (stable) (Fitch)
• Exp. Issue Ratings: AAA (S&P), AAA (Fitch)
• Security Type: Statutory Covered Bond under the Korean Covered Bond Act
• Format: Reg S, Registered form, Category 2
• Issue Size: €650m
• Settlement: 21-Sep-26 (T+5)
• Maturity: 21-Sep-30, Soft Bullet
• Coupon: Fixed Rate, Annual Act/Act
• Terms: €100k/1k Denoms, SGX & Frankfurt Listing, English Law
• JLMs: BNP Paribas, Commerzbank, Crédit Agricole CIB* (B&D), ING**, KB Securities, Societe Generale
• Co-Manager: DZ Bank
• UOP: 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
• Advertisement: The Final Offering Circular, when available, will be published on the website of the Singapore Exchange https://www.sgx.com/stock-exchange/prospectus-circulars-offer-documents?prospectusType=Information%20Memorandum
• Schedule:
  • Books now closed
  • Allocation and pricing this afternoon