Korea Development Bank to sell €500 million five-year floaters on Thursday

By Reshmi Basu

New York, March 1 - Korea Development Bank plans to issue €500 million of five-year floating-rate notes (A3/A/A+) on Thursday, according to a market source.

The issuance will be structured as senior unsecured debt.

ABN Amro, Barclays Capital and Citigroup are joint bookrunners for the Regulation S transaction.

Seoul-based Korea Development Bank is Korea's largest overseas borrower.

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