Kookmin Bank’s €500 Million Offering

October 19, 2021

Cleary Gottlieb acted as U.S. counsel to BNP Paribas, Citigroup, Credit Suisse, ING, J.P. Morgan, and KB Securities, as managers, in a Reg S offering by Kookmin Bank of €500 million 0.048% green covered bonds due 2026 under its $7 billion global covered bond program.

The notes were listed on the Singapore Stock Exchange. The offering priced on October 13, 2021, and closed on October 19, 2021.

Kookmin Bank is one of the largest commercial banks in Korea in terms of total assets (including loans), and it provides credit and related financial services to individuals, small- and medium-sized enterprises and large corporate customers. It also provides a full range of deposit products and related services to both individuals and enterprises of all sizes.