The deal was jointly arranged by HSBC Hong Kong and ING. It was split into two tranches with an average maturity of two years: $250 million with a two-year tenor and the equivalent of $250 million in euros with a three-year tenor. The company said it used a cross-currency interest rate swap to hedge exchange-rate and interest-rate risks in advance.
The proceeds will be used for inclusive finance programs, including expanding mid-rate loans for customers with low to mid credit and supporting vulnerable groups with limited access to financial services.
A KB Kookmin Card official said the issuance, completed on competitive terms despite heightened volatility in global markets, reflected investor confidence. The official said the company will continue to diversify its funding sources and expand inclusive finance initiatives.
* This article has been translated by AI.
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