New York, June 16 - Korea Development Bank priced ¥30 billion five-year bonds (A3/A-/A) in Japan, according to a market source.
The samurai bonds priced at par with a 0.87% coupon for a spread of 30 basis points more than yen swaps.
Daiwa SMBC and Nikko Citigroup of Japan managed the sale.
Korea Development Bank, based in Seoul, is a state-run bank.
| Issuer: | Korea Development Bank
|
| Amount: | ¥30 billion
|
| Issue: | Samurai bonds
|
| Maturity: | June 28, 2010
|
| Coupon: | 0.87%
|
| Issue price: | Par
|
| Spread: | 30 basis points more than yen swaps
|
| Pricing date: | June 16
|
| Settlement date: | June 28
|
| Bookrunners: | Daiwa SMBC, Nikko Citigroup
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A
|
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