Korea Development Bank mandates JP Morgan, HSBC, Merrill Lynch for $500 million bonds

By Paul A. Harris

St. Louis, Aug. 23 - Korea Development Bank has mandated JP Morgan, HSBC and Merrill Lynch & Co. to manage its $500 million global bond offering, according to a market source who added that the deal size could grow.

The bond offering is expected to launch in early September.

The bonds are expected to have a maturity of five years to 10 years.

The prospective issuer is a Seoul, Korea-based, financial institution.

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