JB Financial Group Issues KRW 100 Billion in Series 41 Unsecured Bonds (AA+ Rating, Refinancing)

JB Financial Group filed a supplemental shelf registration on May 7, 2026, to issue Series 41-1 (1-year, KRW 50 billion, 3.368%) and Series 41-2 (2-year, KRW 50 billion, 4.000%) unsecured bonds.
The full KRW 100 billion proceeds will be used to repay existing bonds (Series 28 and 30) maturing in May and June 2026.
Credit rating is AA+ (from NICE, KIS, and KOREA RATINGS), indicating strong creditworthiness.
As of end-2025, BIS total capital ratio was 14.71%, Tier 1 ratio 14.10%, and CET1 ratio 12.58%, well above regulatory minima.
Double leverage ratio stood at 117.02% (Q3 2025), below the regulatory guideline of 130%.
Subsidiary banks (Jeonbuk Bank, Gwangju Bank) reported NPL ratios of 1.12% and 0.89%, respectively, generally sound.
Issuance costs total approximately KRW 150 million (74.92 million for 41-1, 75.12 million for 41-2), to be covered from internal funds.
The bonds will be listed and issued via electronic registration.

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