Published on 5/29/2012 in the Prospect News Emerging Markets Daily.
New Issue: Korea Development Bank prices lira notes due 2015, real notes due 2017
By Christine Van Dusen
Atlanta, May 29 - Korea Development Bank priced a two-tranche issue of notes due 2015 and 2017 on Tuesday via bookrunner Daiwa, a market source said.
The deal included 323.9 million 8.35% Turkish lira notes due June 18, 2015 that priced at par to yield 8.35%. The second tranche totaled R$45.5 million 7.02% notes due June 21, 2017 that also priced at par.
The Seoul-based lender recently announced plans for another transaction: a ¥30 billion-minimum issue of two-, three- and five-year notes.
| Issuer: | Korea Development Bank
|
| Description: | Notes
|
| Bookrunner: | Daiwa
|
| Trade date: | May 29
|
| Settlement date: | June 19
|
| Rating: | Moody's: A1
|
|
|
| Notes due 2015
|
| Amount: | 323.9 million Turkish lira
|
| Maturity: | June 18, 2015
|
| Coupon: | 8.35%
|
| Price: | Par
|
| Yield: | 8.35%
|
|
|
| Notes due 2017
|
| Amount: | R$45.5 million
|
| Maturity: | June 21, 2017
|
| Coupon: | 7.02%
|
| Price: | Par
|
| Yield: | 7.02%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
