New Issue: Korea Development Bank prices $1 billion of notes due 2019, 2026

By Christine Van Dusen

Atlanta, Sept. 7 – Korea Development Bank priced $1 billion in tranches due Sept. 12 of 2019 and 2026 (A2/AA/AA-), according to a company filing.

The deal included $500 million 1 3/8% notes due 2019 that priced at 99.83 and $500 million 2% notes due 2026 that priced at 99.12.

BNP Paribas, Goldman Sachs, HSBC, JPMorgan, KDB Asia, Mirae Asset Daewoo, Standard Chartered Bank and UBS were the bookrunners for the Securities and Exchange Commission-registered deal.

The proceeds will be used for general operations.

Issuer:	Korea Development Bank
Amount:	$1 billion
Description:	Notes
Bookrunners:	BNP Paribas, Goldman Sachs, HSBC, JPMorgan, KDB Asia, Mirae Asset Daewoo, Standard Chartered Bank, UBS
Trade date:	Sept. 6
Settlement date:	Sept. 12
Ratings:	Moody's: A2
	S&P: AA
	Fitch: AA-
Distribution:	SEC registered
Notes due 2019
Amount:	$500 million
Maturity:	Sept. 12, 2019
Coupon:	1 3/8%
Price:	99.83
Notes due 2026
Amount:	$500 million
Maturity:	Sept. 12, 2026
Coupon:	2%
Price:	99.12

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