Korea Development Bank plans add-on to 4% dollar notes due 2016

By Christine Van Dusen

Atlanta, Aug. 22 - Korea Development Bank is looking to price an add-on to its existing 4% dollar-denominated notes due on Sept. 9, 2016, according to a company filing.

HSBC is the bookrunner for the Securities and Exchange Commission-registered deal.

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

The original issue of $750 million 4% notes due 2016 priced on March 9, 2011.

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