Kookmin takes Covid label to bank capital

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By Morgan Davis
29 Oct 2020

South Korea’s Kookmin Bank used a Covid-19 sustainability bond label for its $500m bank capital deal on Wednesday.

The Covid label was not new for the Aa3/A+ rated borrower, but it was for the bank capital market. A banker on the trade said the deal is the first Covid-linked bank capital bond in Asia.

The proceeds from the sale will be used for financing or ...

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