Published on 10/20/2006 in the Prospect News Emerging Markets Daily.
New Issue: KDB sells €150 million two-year notes at Euribor plus 12 bps
By Reshmi Basu
New York, Oct. 20 - Korea Development Bank (KDB) sold a €150 million offering of two-year notes (A3/A) at par to yield three-month Euribor plus 12 basis points, according to a market source.
Citigroup is bookrunner for the deal, which priced off the issuer's euro medium-term note program.
Seoul-based KDB is Korea's largest overseas borrower.
| Issuer: | Korea Development Bank (KDB)
|
| Amount: | €150 million
|
| Issue: | Notes
|
| Maturity: | Oct. 27, 2008
|
| Bookrunner: | Citigroup
|
| Coupon: | Three-month Euribor plus 12 basis points
|
| Price: | Par
|
| Yield: | Three-month Euribor plus 12 basis points
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 27
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
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