Korea Development Bank to offer dollar-denominated fixed-rate notes

By Mary-Katherine Stinson

Lexington, Ky., Feb. 8 – Korea Development Bank is planning a two-part offering of dollar-denominated fixed-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be non-callable.

Australia and New Zealand Banking Group Ltd., Citigroup Global Markets Inc., JPMorgan Securities LLC, KB Securities Co., Ltd., KDB Asia Ltd., MUFG Securities EMEA plc, Nomura Singapore Ltd., Societe Generale and Standard Chartered Bank are the joint bookrunners and lead managers.

Bank of New York will be the fiscal agent.

Cleary Gottlieb Steen & Hamilton LLP (New York law) and Shin & Kim LLC (Korean law) will act as legal counsel for the bank.

Linklaters LLP has been hired as counsel for the bookrunners.

The proceeds will be used for the bank’s general operations, including extension of foreign currency loans and repayment of maturing debt and other obligations.

The lender is based in Seoul, South Korea.

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