Korea Development Bank intends to sell dollar bonds in two tranches

By Christine Van Dusen

Atlanta, Feb. 21 – Korea Development Bank is planning to issue two tranches – one fixed rate and one floating rate – of dollar-denominated notes, according to a company filing.

BofA Merrill Lynch, Citigroup, Commerzbank, Credit Agricole CIB, Credit Suisse and KDB Asia 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 debt.

The lender is based in Seoul, South Korea.

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