• Most Popular
  • Most Shared

Kookmin Bank cuts Samurai bond plan to 10 bln yen

Wed Apr 2, 2008 9:21pm EDT

SEOUL, April 3 (Reuters) - Kookmin Bank 060000.KS has cut the size of its proposed Samurai bond issuance to 10 billion yen ($97.74 million) from the planned 30 billion yen, an official at the South Korean bank said on Thursday.

The official at the bank's foreign-currency funding team confirmed a report by the local Maeil Business Newspaper that the bonds would be issued on April 15, but did not say why the amount had been reduced. ($1=102.31 Yen) (Reporting by Yoo Choonsik; Editing by Keiron Henderson)



More from Reuters

Photo

Jobless claims hit 17-month low

WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of job creation.

» More Top News
Traders work in the pits at the The New York Mercantile Exchange, November 7, 2007. REUTERS/Brendan McDermid

Calling the market

A spectacular credit bust, two devastating stock market crashes ... the smart call this decade was to play it safe.  Full Article 

Global Markets
People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid
Rolfe Winkler:

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article 

    Commentary