'Rate Cut Hopes Dashed'—Rising Yields Cloud Outlook for Latecomers in Financial Sector Perpetual Bond Issuance

South Korean financial institutions face higher funding costs for perpetual bond issuance as surging market yields erode investor appetite, with latecomers like NH Financial Group and IBK under pressure to meet capital requirements before year-end.

BNK Financial Group Sees Strong Demand in AT1 Bond Bookbuilding—Order Volume Triples Target

BNK Financial Group upsized its AT1 bond issuance to 150 billion won ($110 million) after attracting orders three times the initial target, with a 3.50% coupon set amid strong investor demand.

Woori Financial Group Attracts Strong Demand in AT1 Bond Bookbuilding—Orders Reach 780 Billion Won

Woori Financial Group attracted nearly three times its target demand in a recent AT1 bond bookbuilding, prompting an upsized issuance and a competitive coupon rate of 3.34%.

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