KB Financial Group, First Financial Holding Company to Successfully Issue 110 Billion KRW Green Bonds

10-Year Call Option Issued for 110 Billion KRW at 3.6% Interest Rate

[Asia Economy Reporter Park Sun-mi] KB Financial Group announced on the 28th that it has issued green bonds in the form of hybrid capital securities worth 110 billion KRW to expand its role as a leading ESG (Environmental, Social, and Governance) financial group.

This is the first green bond issued by a domestic financial holding company and will be used to provide financial support for eco-friendly projects. Despite the recent tightening of the hybrid capital securities market due to rising interest rates, KB Financial Group successfully issued green bonds worth 110 billion KRW with a 10-year call option and an interest rate of 3.6%.

Following the issuance of green bonds worth 100 billion KRW by KB Kookmin Bank and 110 billion KRW by KB Securities in March, KB Financial Group is actively fulfilling its role as a leading eco-friendly financial group by issuing green bonds worth 110 billion KRW this time.

A KB Financial official stated, "The issuance of green bonds is highly meaningful as the funds will be used in eco-friendly sectors prioritized by the government," adding, "Going forward, KB Financial will take the lead in practicing substantial ESG management befitting its status as a leading ESG financial group, including in the green sector."

Meanwhile, KB Financial issued a total of 276 billion KRW in hybrid capital securities, including 110 billion KRW in green bonds and 166 billion KRW with a 5-year call option, aiming to further strengthen its capital adequacy.

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