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KB Kookmin Bank raises US$44M via floating-rate notes

KB Kookmin Bank raised US$44 million via an offering of floating-rate notes.

The notes were priced at par with an interest rate of 80 basis points over 3-month U.S. dollar LIBOR. They will mature in 2023.

The notes will be issued Oct. 5 under the bank's US$8 billion global medium-term note program. They will be listed on the Singapore Exchange Securities Trading Ltd.