Industrial Bank of Korea W400 billion hybrid bond issue

Overview:

• The Industrial Bank of Korea has undertaken a W400 billion hybrid bond issue.
• The hybrid bond, combining debt and equity, has a maturity of 30 years and allows the holder a call option, or the right to redeem the bond at par after either five or 10 years from issuance.
• This was the first time a local bank achieved a surplus from hybrid bonds since the adoption of Basel III. 

Katrin Kostadinova - Data analyst