New Issue: Korea Development Bank issues $300 million floating-rate notes due 2028

Chicago, Aug. 2 – Korea Development Bank issued $300 million of floating-rate senior notes with a five-year tenor, according to an offering document.

Interest will be at SOFR plus 90 basis points, and the notes priced at par.

SG Securities (HK) Ltd., Taipei Branch led the sale.

The lender is based in Seoul, South Korea.

Issuer:	Korea Development Bank
Amount:	$300 million
Issue:	Floating-rate senior notes
Maturity:	Aug. 1, 2028
Bookrunners:	SG Securities (HK) Ltd., Taipei Branch
Co-managers:	Cathay United Bank Co., Ltd., CTBC Bank Co., Ltd., KGI securities Co. Ltd., Mega International Commercial Bank Co., Ltd., President Securities Corp., SinoPac Securities Corp., Shanghai Commercial & Saving Bank, Ltd., Taishin International Bank Co. Ltd. and Yuanta Securities Co., Ltd.
Coupon:	SOFR plus 90 bps
Price:	Par
Yield:	SOFR plus 90 bps
Call features:	Non-callable
Trade date:	July 20
Settlement date:	Aug. 1
Distribution:	Regulation S
ISIN:	XS2655885148

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