Published on 10/7/2013 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: South Korea's Kookmin Bank sells $500 million three-year notes at Libor plus 125 bps
By Christine Van Dusen
Atlanta, Oct. 7 - South Korea's KB Kookmin Bank priced a $500 million issue of three-year notes (A1/A/A) at par to yield Libor plus 125 basis points, a market source said.
The notes priced at the tight end of talk, set at Libor plus 125 bps to 130 bps.
BofA Merrill Lynch, Barclays, BNP Paribas, Credit Suisse, HSBC and Mizuho Securities were the bookrunners for the Rule 144A and Regulation S deal.
Kookmin Bank is a lender based in Seoul.
| Issuer: | KB Kookmin Bank
|
| Amount: | $500 million
|
| Maturity: | Oct. 11, 2016
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Barclays, BNP Paribas, Credit Suisse, HSBC, Mizuho Securities
|
| Coupon: | Libor plus 125 bps
|
| Price: | Par
|
| Yield: | Libor plus 125 bps
|
| Trade date: | Oct. 7
|
| Settlement date: | Oct. 11
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Fitch: A
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Libor plus 125 bps to 130 bps
|
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