Published on 7/21/2010 in the Prospect News Emerging Markets Daily.
New Issue: South Korea's Kookmin Bank sells ¥18 billion two-tranche samurai bonds
By Christine Van Dusen
Atlanta, July 21 - South Korea's Kookmin Bank priced a ¥18 billion two-tranche issue of samurai bonds due 2012 and 2013 (/A/), according to a market source.
The ¥16 billion tranche of 1.9% bonds due July 27, 2012 priced at par to yield 140 basis points over yen swaps. The ¥2 billion tranche of 1.97% bonds due July 26, 2013 priced at par to yield 145 bps over yen swaps.
Mitsubishi UFJ Morgan Stanley, Mizuho Securities, RBS and UBS were the bookrunners for the deal.
Kookmin Bank is a lender based in Seoul.
| Issuer: | Kookmin Bank
|
| Amount: | ¥18 billion
|
| Description: | Samurai bonds
|
| Bookrunners: | Mitsubishi UFJ Morgan Stanley, Mizuho Securities, RBS, UBS
|
| Trade date: | July 21
|
| Rating: | Standard & Poor's: A
|
|
|
| Two-year tranche
|
| Amount: | ¥16 billion
|
| Maturity: | July 27, 2012
|
| Coupon: | 1.9%
|
| Price: | Par
|
| Yield: | 1.9%
|
| Spread: | 140 bps over yen swaps
|
|
|
| Three-year tranche
|
| Amount: | ¥2 billion
|
| Maturity: | July 26, 2013
|
| Coupon: | 1.97%
|
| Price: | Par
|
| Yield: | 1.97%
|
| Spread: | 145 bps over yen swaps
|
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