Published on 8/3/2015 in the Prospect News Emerging Markets Daily.
New Issue: Korea Development Bank sells $1.2 billion 4.1% notes due 2018 at par
By Christine Van Dusen
Atlanta, Aug. 3 – Korea Development Bank priced $1.2 billion three-year notes (expected ratings: Aa3//AA-) at par to yield 4.1% on Monday, a market source said.
Standard Chartered Bank (Hong Kong) and Standard Chartered Bank (Taiwan) were the bookrunners for the Regulation S deal.
| Issuer: | Korea Development Bank
|
| Amount: | $1.2 billion
|
| Maturity: | Aug. 24, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Standard Chartered Bank (Hong Kong), Standard Chartered Bank (Taiwan)
|
| Coupon: | 4.1%
|
| Price: | Par
|
| Yield: | 4.1%
|
| Trade date: | Aug. 3
|
| Settlement date: | Aug. 24
|
| Expected ratings: | Moody's: Aa3
|
| Fitch: AA-
|
| Distribution: | Regulation S
|
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