IBK plans KRW 400 billion amortized contingent capital bond offering

• IBK plans a KRW 400 billion public offering of domestic amortized contingent capital securities (hybrid capital securities), series 2026-3.
• Proceeds earmarked for operating funds, including loan growth, to bolster BIS capital ratios via additional Tier 1 capital.
• Instrument structured as a perpetual security with an issuer call option exercisable after five years, then at each quarterly coupon date.
• Coupon set to pay quarterly in arrears; interest can be cancelled, including if distributable profits are insufficient.
• Full principal write-down triggers if IBK is designated an insolvent financial institution under Korea’s restructuring law.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IBK - Industrial Bank of Korea published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261002000464), on October 02, 2026, and is solely responsible for the information contained therein.