KB Financial keeps rights issue price at W37,250 per share

The final price will allow the owner of Korea's Kookmin Bank to raise $907 million when the subscription opens on Wednesday.

KB Financial Group, the owner of Korea's Kookmin Bank, has finalised the subscription price for this week's rights offering at W37,250 per share, which will allow it to raise W1.12 trillion $907 million at today's exchange rate.

The final price is equal to the first reference price that was set on July 22, which was to be expected since KB Financial's share price has edged 2.4% higher since then. When the second reference price was set after the close...

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