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KDB Life Insurance raises US$200M from hybrid debt

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KDB Life Insurance raises US$200M from hybrid debt

KDB Life Insurance Co. Ltd. raised US$200 million from 30-year hybrid bonds issued abroad with a coupon of 7.5%, Yonhap News Agency reported May 15.

The issuance was oversubscribed with bids from 41 investors, the company said.

The capital increase will improve the company's risk-based capital ratio by about 40 percentage points to 190%.