Industrial Bank of Korea W400 billion hybrid bond issue

10/3/2015
Convertible and hybrid securities

W 400 billion

$ 345 million

Completed

10/3/2015


Overview:

  • The Industrial Bank of Korea has undertaken a W400 billion hybrid bond issue.
  • The hybrid bond, combining debt and equity, has a maturity of 30 years and allows the holder a call option, or the right to redeem the bond at par after either five or 10 years from issuance.
  • This was the first time a local bank achieved a surplus from hybrid bonds since the adoption of Basel III. 

Katrin Kostadinova - Data analyst

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