New Issue: South Korea’s Kookmin Bank sells $500 million 1 5/8% notes due 2017 at 75 bps spread

By Christine Van Dusen

Atlanta, July 7 – South Korea’s KB Kookmin Bank sold $500 million 1 5/8% three-year notes (expected ratings: A1/A/) at 99.718 to yield 1.722%, or Treasuries plus 75 basis points, on Monday, a market source said.

The notes were talked at a spread of 75 bps to 80 bps.

Barclays, BNP Paribas, BofA Merrill Lynch, Citigroup and Standard Chartered Bank 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:	July 14, 2017
Description:	Notes
Bookrunners:	Barclays, BNP Paribas, BofA Merrill Lynch, Citigroup, Standard Chartered Bank
Coupon:	1 5/8%
Price:	99.718
Yield:	1.722%
Spread:	Treasuries plus 75 bps
Trade date:	July 7
Settlement date:	July 14
Expected ratings: Moody’s: A1
	Standard & Poor’s: A
Distribution:	Rule 144A and Regulation S
Price talk:	Treasuries plus 75 bps to 80 bps

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