Korea Development Bank to price dollar notes in two tranches

By Marisa Wong

Los Angeles, Oct. 19 – Korea Development Bank plans to price dollar-denominated notes in two parts, according to a 424B5 filing with the Securities and Exchange Commission.

BofA Securities, Inc., Citigroup Global Markets Inc., Credit Agricole CIB, KDB Asia Ltd. and Mizuho Securities USA LLC are the joint bookrunners and lead managers.

Proceeds from one of the tranches will be allocated toward financing new or refinancing existing eligible social projects, namely loans and lines of credit that provide direct or indirect financial support for small- and medium-sized enterprises and small offices or home offices adversely affected by the Covid-19 pandemic.

Proceeds from the other tranche will be used for general operations, including extending foreign currency loans and repaying maturing debt and other obligations.

The bank is based in Seoul, South Korea.

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