IBK to issue perpetual CoCo bonds worth W300b

Published : Sept 20, 2016 - 11:28 Updated : Sept 20, 2016 - 11:28

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[DISCLOSURE] Industrial Bank of Korea (024110) said on Sept. 20 that it has decided to issue perpetual contingent convertible bonds worth 300 billion won (US$271 million).

IBK will have a call option regarding advanced redemption after 5 and 10 years, respectively.

By Jung Min-kyung (mkj1105@heraldcorp.com)

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