Kookmin brings innovative equity deal

Kookmin Bank raised W1.26 trillion ($1.24 billion) yesterday (June 16) after disposing of almost all the Treasury shares it purchased from the government in December 2003. The deal represents the largest Korean equity deal since Korea Telecom's $2.2 billion offering in 2001 and may pave the way for a number more as a result of regulatory changes applied by the FSS (Financial Supervisory Service).