New Issue: Korea Development Bank sells €200 million tap of 1½% notes due 2018

By Christine Van Dusen

Atlanta, July 16 - Korea Development Bank priced a €200 million tap of its 1½% notes due May 2018 (expected ratings: Aa3//AA-) at 98.799 to yield mid-swaps plus 70 basis points, a market source said.

The notes were talked at a spread in the 70 bps area.

Barclays, Credit Agricole, DZ Bank and KDB Asia were the bookrunners for the Regulation S deal.

Issuer:	Korea Development Bank
Amount:	€200 million
Maturity:	May 2018
Description:	Senior notes
Bookrunners:	Barclays, Credit Agricole, DZ Bank, KDB Asia
Coupon:	1½%
Price:	98.799
Spread:	Mid-swaps plus 70 bps
Trade date:	July 16
Settlement date:	July 23
Expected ratings:	Moody's: Aa3
	Fitch: AA-
Distribution:	Regulation S
Price talk:	Mid-swaps plus 70 bps area

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