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Industrial Bank of Korea to issue 600B won of hybrid securities

Industrial Bank of Korea proposed to issue 600 billion won of domestic hybrid securities.

The bank said Sept. 3 that it will finalize timing, coupon rate and other details of the offering later.

The bank said the debt offering will help it boost its operating capital.

As of Sept. 3, US$1 was equivalent to 1,111.16 South Korean won.