New Issue: South Korea’s Kookmin Bank prices $500 million 2 1/8% notes due 2020 at 90 bps spread

By Christine Van Dusen

Atlanta, Oct. 15 – South Korea’s KB Kookmin Bank sold $500 million of 2 1/8% notes due Oct. 21, 2020 (expected ratings: Aaa//AAA) at 99.529 to yield mid-swaps plus 90 basis points, a market source said.

BNP Paribas, Citigroup and Societe Generale CIB 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. 21, 2020
Description:	Notes
Bookrunners:	BNP Paribas, Citigroup, Societe Generale CIB
Coupon:	2 1/8%
Price:	99.529
Spread:	Mid-swaps plus 90 bps
Trade date:	Oct. 14
Settlement date:	Oct. 21
Expected ratings: Moody’s: Aaa
	Fitch: AAA
Distribution:	Rule 144A/Regulation S

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