By Christine Van Dusen
Atlanta, Aug. 26 - Korea Development Bank (KDB) priced CHF 200 million 1¾% notes due Oct. 1, 2014 (A1/A/A+) at 100.232 to yield 1.69%, or mid-swaps plus 200 basis points, a market source said.
BNP Paribas and Credit Suisse were the bookrunners for the transaction.
Proceeds will be used to repay maturing foreign debt or to extend foreign currency loans.
KDB is a state-owned lender based in Seoul.
| Issuer: | Korea Development Bank
|
| Amount: | CHF 200 million
|
| Maturity: | Oct. 1, 2014
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, Credit Suisse
|
| Coupon: | 1¾%
|
| Price: | 100.232
|
| Yield: | 1.69%
|
| Spread: | Mid-swaps plus 200 bps
|
| Trade date: | Aug. 25
|
| Settlement date: | Oct. 1
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Fitch: A+
|
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