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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.