DGB New Hybrid Capital Securities 'Sold Out'... 165 Billion Won Attracted in Demand Forecast

DGB Financial Group's demand forecast for the issuance of hybrid capital securities was successful.

DGB Financial announced on the 20th that in the demand forecast conducted on the 19th for hybrid capital securities, it presented an absolute interest rate band of 5.10% to 5.80%, attracting investment demand of 165 billion KRW, which is 60 billion KRW more than the reported amount of 105 billion KRW.

Accordingly, DGB Financial plans to issue hybrid capital securities with a final issuance amount of 150 billion KRW and an issuance interest rate of 5.80% on the 26th.

Despite the sharp decline in bond market demand due to the Credit Suisse crisis and increased volatility caused by the hawkish remarks of the U.S. Federal Reserve (Fed), the company explained that the spread compared to hybrid capital securities of other financial holding companies and government bonds appears to have performed well.

Earlier, in March, DGB Financial also issued 116 billion KRW of hybrid capital securities, achieving capital expansion beyond the reported amount.

A DGB Financial official stated, “Amid ongoing volatility in the financial environment, we will focus on sustainable growth by preparing for uncertain domestic and international economic conditions this year based on the successful issuance of hybrid capital securities and managing capital adequacy for our affiliates.”

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