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BNK Financial to issue 250B won of CoCo bonds

BNK Financial Group Inc. will issue contingent convertible bonds to raise 250 billion South Korean won, Yonhap News Agency reported Dec. 19.

The company said proceeds from the issuance will increase its Additional Tier 1 capital buffer to improve its BIS capital ratios.

As of Dec. 19, US$1 was equivalent to 1,085.11 South Korean won.