Yonhap Infomax NewsKorea Financial Group Inc. will issue 450 billion won ($340 million) in hybrid bonds at a 4.4% annual yield, with proceeds used to fund a 900 billion won rights offering at subsidiary Korea Investment & Securities, strengthening its capital base and supporting business expansion.
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Korea Financial Group to Issue 450 Billion Won Hybrid Bonds at 4.4% Annual Yield
Korea Financial Group Inc. will issue 450 billion won ($340 million) in hybrid bonds at a 4.4% annual yield, with proceeds used to fund a 900 billion won rights offering at subsidiary Korea Investment & Securities, strengthening its capital base and supporting business expansion.