[Korea sinyuncheol financial newspaper reporter] IBK Industrial Bank (Bank gimdojin) announced that it has successfully issued 10 days into the new contingent capital securities 300 billion won less permanent.
Conditional hybrid capital securities Basel III and other basic capital (Tier I), but issued a perpetual form that is due in accordance with accreditation requirements, 5 years or 10 years after the time of the Issuer Early entitled to repayment (call after publication have the option).
Total outstanding amount of 300 billion won during five years of call options conditions and '10 were issued, respectively 150 billion won a call option terms, the interest rate five-year call option conditions are 3.36% (treasury 5 years + 138bp), 10 years of call options conditions 3.87% the (fiscal '10 + 158bp).
Industrial Bank of Korea official said, "were more steady IR in the middle of the market volatility ahead of a US interest rate hike institutional investor participation," he said. "The issue gotta have BIS ratio improved by about 0.19% p in the first quarter-end BIS ratio is more than 13% this is expected to be, "he said
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