DB Insurance Sells 40 Billion Won of Hybrid Subordinated Bonds to Affiliate DB Securities

DB Insurance plans to issue 300 billion won (up to 600 billion) of its 4th hybrid subordinated bonds
Affiliate DB Securities will acquire 40 billion won (subject to change) of the issuance (related-party transaction)
Face value of 300 billion won equals 847.46% of the company's capital
Purpose: capital raising (hybrid bonds improve financial soundness as equity-like instrument)
Coupon rate and yield to be determined via book-building
Maturity: June 9, 2056 (30 years); board resolution date: April 29, 2026