By Reshmi Basu
New York, Nov. 22 - Kookmin Bank placed a $500 million issue of five-year floating-rate notes (A3/A-) at par to yield Libor plus 25 basis points, according to a market source.
The deal came at the tight end of price guidance, which was set at 25 to 26 basis points over Libor.
Citigroup, Goldman Sachs & Co. and HSBC were joint bookrunners for the Regulation S transaction, which comes off the issuer's global medium-term note program.
Kookmin Bank is a financial institution based in Seoul, Korea.
| Issuer: | Kookmin Bank
|
| Amount: | $500 million
|
| Issue: | Floating-rate notes
|
| Maturity: | Nov. 28, 2011
|
| Coupon: | Libor plus 25 basis points
|
| Issue price: | Par
|
| Yield: | Libor plus 25 basis points
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
| Joint bookrunners: | Citigroup, Goldman Sachs & Co., HSBC
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Distribution: | Regulation S
|
© 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.
