Korea Development Bank plans three-part dollar notes due 2024, 2026

By Rebecca Melvin

New York, March 2 – Korea Development Bank plans to price dollar-denominated notes in three parts, including a tranche of floating-rate green bonds due 2024, according to a 424B5 filing with the Securities and Exchange Commission.

The other tranches are fixed-rate notes due in 2024 and 2026.

BofA Securities, Citigroup, Credit Suisse, J.P. Morgan, KDB Asia and Mizuho Securities are the joint bookrunners and lead managers of the notes.

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.

The bank is based in Seoul, South Korea.

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