By Paul A. Harris
St. Louis, Jan. 24 - Korea's Kookmin Bank priced a $400 million issue of guaranteed five-year floating-rate medium-term notes (A3/A-) at par to yield three-month Libor plus 23 basis points on Wednesday, according to an informed source.
The notes priced at the tight end of the Libor plus 26 bps area price talk.
Barclays Capital, Banc of America Securities and BNP Paribas were joint bookrunners for the Regulation S/Registered issuer.
Kookmin Bank, a financial institution based in Seoul, last issued dollar-denominated notes in late November, placing $500 million of five-year floating-rate notes at par to yield Libor plus 25 bps.
| Issuer: | Kookmin Bank
|
| Amount: | $400 million
|
| Maturity: | Jan. 31, 2012
|
| Security description: | Guaranteed floating-rate medium term notes
|
| Coupon: | Three-month Libor plus 23 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 23 bps
|
| Trade date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Bookrunners: | Barclays Capital, Banc of America Securities, BNP Paribas
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Distribution: | Regulation S/Registered
|
| Price talk: | Three-month Libor plus 26 bps area
|
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