Tuesday, February 14, 2017

KEB, Hana Bank, Coco bonds issued 200 billion won success



[Korea Jeongseon financial newspaper reporters] KEB Hana Bank has been successful in promoting the re-coco bonds (contingent capital securities) issued in three months.

According to banking industry 14 days, he KEB, Hana Bank 17 days in '10 amortization type contingent capital securities due is coming (subordinated bonds) issued by the relevant institutional investor confirmed the target forecasting results issued flocking to order copies of 2700 billion to 200 billion won offer.

The Coco bond issue will be re-promoted while coordinating with the United States last November, Donald Trump issued immediately after the election surge in bond issuance when interest rates are calculated Coco 10-year government bond interest rate as the reference period.

KEB, Hana Bank official said that "there are also in addition to the Bank for International Settlements (BIS) retention rate stability, liquidity coverage ratio (LCR) preemptive raise purposes 'future in earnest to the rise in interest rates before the preemptively push the issue as' saying.

KEB one year four quarter-end BIS total capital ratio based on the bank is 16.79%, 13.90% common equity ratio.

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