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S&P: Kookmin Bank bonds A
Standard & Poor's said it assigned an A rating to Kookmin Bank's proposed dollar-denominated senior unsecured bonds.
The bonds will be drawn down from the bank's $8 billion global medium-term note program.
The proceeds will be used for general corporate purposes.
The notes will constitute direct, unconditional, unsecured and unsubordinated obligations of the bank.
They will rank pari passu with all other unsecured and unsubordinated obligations of the bank, S&P said.
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