Korea Development Bank sets talk in 95 bps area for dollar benchmark notes due in 5½ years

By Christine Van Dusen

Atlanta, Sept. 2 – Korea Development Bank set talk in the 95 basis points area for a dollar-denominated and benchmark-sized offering of notes due in 5½ years (expected ratings: Aa3//AA-), a market source said.

BNP Paribas, BofA Merrill Lynch, Deutsche Bank, JPMorgan, KDB Asia, Mizuho Securities and Standard Chartered Bank are the bookrunners for the Securities and Exchange Commission-registered deal.

The proceeds will be used for general operations, including extending foreign currency loans and repaying maturing debt, according to a company filing.

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