IBK Completes Issuance of KRW 700 Billion Write-Down Contingent Capital Securities (New Type)

Corrected disclosure on issuance of write-down contingent capital securities (new type) (2026.02.02)
Total issuance: KRW 700 billion (increased from KRW 500 billion)
Coupon rate: 3.87% (same as maturity yield)
Maturity: perpetual, with call option after 5 years and thereafter every interest payment date (3 months)
Purpose: Improve BIS capital ratio by expanding additional Tier 1 capital
Write-down trigger: full and permanent write-down of principal and interest if designated as troubled financial institution
Subscription and payment date: February 2, 2026
Lead managers: Kyobo Securities, Bookook Securities, NH Investment & Securities, Korea Investment & Securities, Hanyang Securities (joint bookrunners)
No step-up coupon condition
Includes subordination clause and prohibition of set-off

Filing: [Correction of Description] Current Report (Decision on Issuance of Subordinated Conditional Capital Securities)
Company: Industrial Bank of Korea (024110)
Submission: Industrial Bank of Korea
Receipt: 02-02-2026