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Daegu Bank to raise 100B won in hybrid issue

DGB Financial Group Co. Ltd. unit Daegu Bank Ltd. plans to issue 100 billion South Korean won of hybrid securities in a public offering.

The bond issuance was approved by the DGB Financial Group board June 12, the group said the same day. Other details of the planned issuance are yet to be finalized.

As of June 12, US$1 was equivalent to 1,077.58 South Korean won.