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Korea Development Bank sets talk for dollar benchmark notes due in three, 10 years; pricing Monday
By Christine Van Dusen
Atlanta, Jan. 13 - Korea Development Bank set talk for its two-tranche offering of dollar-denominated and benchmark-sized notes due in three and 10 years (expected ratings: Aa3//AA-), a market source said.
The floating-rate notes due in three years were talked at a spread in the Libor plus 65 basis points area.
The 10-year notes were talked at a spread in the Treasuries plus 105 bps area.
Barclays, BNP Paribas, BofA Merrill Lynch, Citigroup, HSBC, KDB Asia, Morgan Stanley and Standard Chartered Bank are the bookrunners for the deal.
The notes are expected to price on Monday.
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