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.