By William Gullotti
Buffalo, N.Y., Aug. 12 – Korea Development Bank priced $150 million of fixed-rate notes in two tranches due 2022 and 2026, according listing notices on Thursday.
The company priced $50 million of 0.18% notes due Aug. 11, 2022. Merrill Lynch International is the lead manager and bookrunner.
The company also priced a tranche of $100 million 1.035% notes due June 18, 2026. The lead manager and bookrunner for this tranche is Credit Agricole CIB.
Listings for both tranches on the Singapore Exchange are expected to become effective Aug. 13.
The lender is based in Seoul.
| Issuer: | Korea Development Bank
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| Issue: | Fixed-rate notes
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| 2022 notes
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| Amount: | $50 million
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| Maturity: | Aug. 11, 2022
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| Coupon: | 0.18%
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| Issue date: | Aug. 10
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| Listing date: | Aug. 13
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| 2026 notes
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| Amount: | $100 million
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| Maturity: | June 18, 2026
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| Coupon: | 1.035%
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| Issue date: | June 18
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| Listing date: | Aug. 13
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