By Aaron Hochman-Zimmerman
New York, Jan. 10 - Korea Development Bank (Aa3/A/A+) priced a $1 billion five-year bond at 99.857 with a coupon of 5.3% to yield Treasuries plus 218 basis points, according to a market source.
The yield was 5 1/3%.
Deutsche Bank, Citigroup, Depfa Bank and HSBC acted as bookrunners for the deal.
Proceeds will be used for general operations.
KDB is a Seoul-based state-run bank.
| Issuer: | Korea Development Bank
|
| Amount: | $1 billion
|
| Issue: | Five-year bonds
|
| Maturity: | Jan. 17, 2013
|
| Coupon: | 5.3%
|
| Price: | 99.857
|
| Yield: | 5 1/3%
|
| Spread: | Treasuries plus 218 bps
|
| Call: | Non-callable
|
| Bookrunners: | Deutsche Bank, Citigroup, Depfa Bank, HSBC
|
| Pricing date: | Jan. 10
|
| Settlement date: | Jan. 17
|
| Rating: | Moody's: Aa3
|
| Standard & Poor's: A
|
| Fitch: A+
|
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