Korea plans to issue euro and dollar notes

By Christine Van Dusen

Atlanta, June 3 - The Republic of Korea is looking to issue euro- and dollar-denominated notes via eight banks, according to a filing with the Securities and Exchange Commission from the sovereign.

Barclays, BofA Merrill Lynch, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, KDB Bank and Samsung Securities are the bookrunners for the off-the-shelf deal.

The proceeds will become part of the sovereign's Foreign Exchange Stabilization Fund, which is used for selling and purchasing foreign currencies, depositing or lending to the Bank of Korea and others, guaranteeing debt and paying foreign currency debt.

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