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Korea Development Bank sets guidance for five-, 10-year dollar notes
By Christine Van Dusen
Atlanta, Jan. 6 – Korea Development Bank set talk for a two-tranche offering of dollar-denominated notes due in five and 10 years (expected ratings: Aa2/AA-/AA-), a market source said.
The five-year notes were talked to yield in the Treasuries plus 85 basis points area.
The 10-year notes were talked in the Treasuries plus 90 bps area.
Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse, HSBC, KBD Asia, Mizuho Securities and Societe Generale are the bookrunners for the Regulation S deal.
The proceeds will be used for general operations, including the extension of foreign currency loans and the repayment of maturing debt and other obligations, according to a company filing.
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