Korea Development Bank plans to price two tranches of dollar notes

By Christine Van Dusen

Atlanta, Jan. 15 - Korea Development Bank is planning a two-tranche issue of dollar-denominated notes, according to a company filing with the Securities and Exchange Commission.

Barclays, Bank of America Merrill Lynch, Daiwa Capital Markets, Goldman Sachs, HSBC, KDB Asia and UBS Investment Bank are the bookrunners for the SEC-registered deal.

The proceeds will be used for general operations, including extending foreign currency loans, repaying maturing debt and funding other obligations.

Korea Development Bank is based in Seoul, South Korea.

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