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Korea Development Bank eyes three-part dollar notes with green tranche
By Cady Vishniac
Detroit, Jan. 11 – Korea Development Bank plans to price dollar-denominated notes in three parts, including a tranche of green bonds, according to a 424B5 filing with the Securities and Exchange Commission.
BNP Paribas Securities Corp., BofA Securities, Inc., J.P. Morgan Securities LLC, KDB Asia Ltd., Societe Generale Corporate & Investment Banking, Standard Chartered Bank and UBS Securities LLC are the joint bookrunners and lead managers. Kexim Asia Ltd. is a co-manager.
Proceeds from the green tranche will be allocated toward financing new or refinancing existing eligible green projects under KDB’s sustainable bond framework, specifically manufacturing rechargeable batteries for electric vehicles and/or constructing or expanding facilities for renewable energy production.
Proceeds from the other two notes will be used for general operations, extending foreign currency loans and the repayment of maturing debt.
The bank is based in Seoul, South Korea.
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