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Published on 6/27/2017 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

Korea Development Bank offering floating-rate green bonds

By Colin Hanner

Chicago, June 27 – Korea Development Bank is offering dollar-denominated floating-rate green bonds, the company said in a 424B5 filing with the Securities and Exchange Commission.

BofA Merrill Lynch, Crédit Agricole CIB and HSBC are joint bookrunners and lead managers for the deal.

Proceeds of the notes will be used to finance projects related to the development, construction or expansion of renewable energy-related facilities.

The lender is based in Seoul, Korea.


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