Chairman Kim Seung-Yu told Reuters roughly half the deal's financing would come in dividends from subsidiaries Hana Bank and Hana Securities, $1 billion from a debenture issue and the remainder from investors through an equity-related issue.
"Our first preference is for a strategic investor rather than a financial investor," Kim said, speaking at a London hotel to mark the signing of the deal.
"It will take about two or three months and I expect in the middle of March we can finalise our deal."
He dismissed suggestions that Korean financial group Hana had already been in preliminary talks with private equity firms Carlyle Group [CYL.UL] and Kohlberg Kravis Roberts & Co, but said they would be contacted among other potential investors.
Carlyle were unavailable for immediate comment. A spokesman for KKR declined to comment.
Kim was in London to sign the contract formalising the deal to a buy a 51 percent stake in KEB from U.S. global investment firm Lone Star Funds, advised by Credit Suisse. [ID:nSGE6AO059]
Lone Star chairman John Grayken was also present at the signing, witnessing his firm's final exit the bank after two failed attempts over the past five years.
The sale is Korea's biggest banking acquisition deal and will help Hana displace Shinhan Financial Group (055550.KS) as the country's No.3 financial group with more than 300 trillion won in assets.
By 1402 shares in Hana were down 1.8 percent at 39000
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