trending Market Intelligence /marketintelligence/en/news-insights/trending/nI13IJcUjmvFUfQxcP2ODg2 content esgSubNav
In This List

Industrial Bank of Korea raises 350B won via perpetual bonds

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers


Industrial Bank of Korea raises 350B won via perpetual bonds

Industrial Bank of Korea raised 350 billion South Korean won via a dual-tranche offering of perpetual bonds.

The bank offered 130 billion won of bonds with a 10-year call option and a 3.40% coupon, as well as 220 billion of bonds with a five-year call option and a 3.09% coupon.

The South Korean policy bank in February said it planned to raise 350 billion won via a public offering of hybrid securities.

As of March 8, US$1 was equivalent to 1,132.35 South Korean won.