New Issue: South Korea's Kookmin Bank sells $300 million five-year notes at Libor plus 29 bps

By Reshmi Basu

New York, Nov. 30 - Seoul-based Kookmin Bank sold $300 million five-year floating-rate notes (A3/A-/A) at par to yield Libor plus 29 basis points, according to a market source.

Banc of America Securities LLC, Barclays Capital and Goldman Sachs ran the Regulation S offering of senior unsecured notes.

The issue is a drawdown from the lender's $3 billion global medium-term note program.

Issuer:	Kookmin Bank
Amount:	$300 million
Issue:	Floating-rate senior unsecured notes
Maturity:	Nov. 29, 2010
Coupon:	Libor plus 29 basis points
Issue price:	Par
Yield:	Libor plus 29 basis points
Pricing date:	Nov. 29
Settlement date:	Dec. 6
Bookrunners:	Banc of America Securities, Barclays Capital, Goldman Sachs
Ratings:	Moody's: A3
	Standard & Poor's: A-
	Fitch: A

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.