KB Kookmin Bank issues €500 mn in covered bonds

Quick Summary:

These bonds, which will be listed on the Singapore and Frankfurt stock exchanges, are designated as sustainability bonds, with the funds raised being used for eco-friendly and social projects under KB Kookmin Bank's "Sustainable Finance Management Framework".

South Korea's KB Kookmin Bank said on Tuesday that it issued €500 million ($545 million) in global covered bonds the previous day.

"This is the bank’s fifth euro-denominated covered bond issuance since the first in July 2020," a KB Kookmin Bank source said.

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Category: Economy

Markets: South KoreaSingapore

Topics: Singapore Exchanges Bonds Stock Frankfurt Kookmin Interest Listed Rate Bank Covered

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 17:53:15 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 121 words

Reading Time: 1 minutes read

Sentences: 14 lines

Sentence Length: 9 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 23070764

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