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Industrial Bank of Korea to redeem $300 million 3.9% tier 1 notes
By Mary-Katherine Stinson
Lexington, Ky., July 15 – Industrial Bank of Korea will exercise its option to redeem in full its $300 million 3.9% tier 1 subordinated notes (ISIN: US45604GAD16, US45604HAD98) at par plus interest on the first optional redemption date of Aug. 1, according to a notice Friday.
DB Services Americas, Inc. is the paying agent.
The industrial bank is based in Seoul, South Korea.
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