Kiwoom Securities, Special Sale of KB Kookmin Bank Bonds with 4.1% Annual Pre-Tax Yield
Kiwoom Securities announced on the 3rd that it will offer a special sale of Kookmin Bank bonds with a 2-month maturity at a pre-tax annual rate of 4.1%.
The "Kookmin Bank 4308 Coupon Date (03) 1.5-07 Bond" sold over-the-counter by Kiwoom is a financial bond with a credit rating of AAA. The purchase yield is 4.1% pre-tax annually and 3.51% post-tax annually (as of 2024.12.02). This special sale product is offered at a better price than the average market interest rate of 3.25% (as of 2024.12.02). The maturity date is February 7 next year, 66 days (about 2 months) from now.
Since it is an unlisted bond, it must be held until maturity. However, if Kookmin Bank defaults or goes bankrupt before maturity, principal loss may occur. NICE Credit Rating evaluated Kookmin Bank as a major commercial bank with the highest level of market position in the industry, assigning a credit rating of ‘AAA/Stable’ (as of the end of October).
Last month, a special sale of Hana Bank bonds prepared by Kiwoom Securities was also sold out.
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Kiwoom Securities’ special sale bonds can be purchased through the mobile app Youngwoom S# or the Kiwoom Securities website. Additionally, investors purchasing over-the-counter bonds from Kiwoom Securities for the first time can apply for the ‘If You Are New to Bond Investment, Get 10,000 Won’ event to receive a 10,000 won coupon, which can be used to purchase bonds.
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