KB Bank taps bond market again for $27.9M as H1 profit sinks 95%
What's the deal? PT Bank KB Indonesia (BBKP)Dealroom has a profile for this one. Try Dealroom → is issuing US$32.6M in subordinated bonds, with annual interest rates of up to 9.30%. The offering runs October 12 to 13, 2026, and is split into two series.
The details: Series A, worth US$27.7M, carries an 8.95% rate and a five-year tenor; Series B, worth US$4.89M, offers 9.30% over seven years. Interest is paid quarterly, with listing on the Indonesia Stock ExchangeDealroom has a profile for this one. Try Dealroom → set for October 19.
Why now? The issuance is the second tranche of KB BankDealroom has a profile for this one. Try Dealroom →'s Fourth Sustainable Subordinated Bond Public Offering Programme, which targets US$65.1M overall. The full US$32.6M is covered by a commitment underwriting arrangement and rated AAidn by Fitch Ratings IndonesiaDealroom has a profile for this one. Try Dealroom →.
The backers: PT Bank Rakyat IndonesiaDealroom has a profile for this one. Try Dealroom → is trustee. BRI Danareksa SekuritasDealroom has a profile for this one. Try Dealroom →, Indo Premier SekuritasDealroom has a profile for this one. Try Dealroom →, KB Valbury SekuritasDealroom has a profile for this one. Try Dealroom →, Korea Investment Sekuritas IndonesiaDealroom has a profile for this one. Try Dealroom →, and Trimegah Sekuritas IndonesiaDealroom has a profile for this one. Try Dealroom → are lead underwriters.
The numbers: KB Bank posted first-half 2026 net profit of US$1.24M, down 95.12% from US$25.4M a year earlier. Net interest and sharia income rose to US$51M from US$35.8M, while total assets reached US$6.06B as at June 30, up from US$5.85B at the end of 2025.
The ownership: KB Kookmin BankDealroom has a profile for this one. Try Dealroom → is the controlling shareholder with a 67% stake. STIC Eugene Star HoldingDealroom has a profile for this one. Try Dealroom → holds 17%, with the remaining 16% held by the public.
The signal: A sharp profit drop alongside a repeat trip to the bond market shows KB Bank leaning on debt to shore up capital while earnings recover. The quarterly coupons and multi-year tenors give it breathing room to rebuild margins.
Read more: idnfinancials.com
Image credit: Generated with Gemini
