New Issue: Kookmin Bank sells $300 million 3 5/8% notes due 2017 at Treasuries plus 208 bps

By Christine Van Dusen

Atlanta, July 7 - South Korea's KB Kookmin Bank priced $300 million 3 5/8% fixed-rate senior notes due Jan. 14, 2017 (A1/A/A) at 99.114 to yield 3.805%, or Treasuries plus 208 basis points, a market source said.

The notes priced below talk, which was set at the Treasuries plus 215 bps area.

BNP Paribas, JPMorgan, ING, RBS and UBS were the bookrunners for the Regulation S notes.

Kookmin Bank is a lender based in Seoul.

Issuer:	KB Kookmin Bank
Amount:	$300 million
Maturity:	Jan. 14, 2017
Description:	Senior notes
Bookrunners:	BNP Paribas, JPMorgan, ING, RBS, UBS
Coupon:	3 5/8%
Price:	99.114
Yield:	3.805%
Spread:	Treasuries plus 208 bps
Trade date:	July 7
Settlement date:	July 14
Ratings:	Moody's: A1
	Standard & Poor's: A
	Fitch: A
Distribution:	Regulation S
Price talk:	Treasuries plus 215 bps area

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