By Christine Van Dusen
Atlanta, Aug. 22 - Korea Development Bank priced a $250 million add-on to its 4% notes due Sept. 9, 2016 at 106.527 to yield 1.78%, a market source said.
HSBC was 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.
| Issuer: | Korea Development Bank
|
| Amount: | $250 million
|
| Maturity: | Sept. 9, 2016
|
| Description: | Notes add-on
|
| Bookrunner: | HSBC
|
| Coupon: | 4%
|
| Price: | 106.527
|
| Yield: | 1.78%
|
| Trade date: | Aug. 22
|
| Settlement date: | Aug. 27
|
| Rating: | Moody's: Aa3
|
| Distribution: | SEC registered
|
| Original issue: | $750 million priced on March 9, 2011
|
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