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KB Kookmin Bank plans to raise up to US$450M from hybrid securities

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KB Kookmin Bank plans to raise up to US$450M from hybrid securities

South Korea-based KB Kookmin Bank plans to issue up to US$450 million of hybrid securities, according to a Jan. 11 filing by parent KB Financial Group Inc.

The exact amount and coupon of the issuance will be determined later following bookbuilding.

The proceeds will be used to enhance KB Kookmin Bank's capital base.