New Issue: Korea Development Bank prices $750 million 3% notes due 2019 at 140 bps spread

By Christine Van Dusen

Atlanta, Sept. 10 - Korea Development Bank priced a $750 million issue of 3% notes due March 17, 2019 (Aa3//AA-) at 99.223 to yield Treasuries plus 140 basis points, a market source said.

The notes priced at the tight end of talk, set at Treasuries plus 140 bps to 145 bps.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank AG Singapore branch, Korea Development Bank, Mizuho Securities USA Inc. and Standard Chartered Bank were the bookrunners for the Securities and Exchange Commission-registered deal.

Issuer:	Korea Development Bank
Amount:	$750 million
Maturity:	March 17, 2019
Description:	Notes
Bookrunners:	Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank AG Singapore branch, Korea Development Bank, Mizuho Securities USA Inc., Standard Chartered Bank
Coupon:	3%
Price:	99.223
Spread:	Treasuries plus 140 bps
Trade date:	Sept. 10
Settlement date:	Sept. 17
Ratings:	Moody's: Aa3
	Fitch: AA-
Distribution:	Securities and Exchange Commission registered
Price talk:	Treasuries plus 140 bps area

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