By Reshmi Basu
New York, March 2 - Korea Development Bank (KDB) sold a €500 million offering of five-year floating-rate notes (A3/A/A+) at par to yield three-month Euribor plus 20 basis points, according to a market source.
The issuance is structured as senior unsecured debt.
ABN Amro, Barclays Capital and Citigroup were joint bookrunners for the Regulation S transaction.
Seoul-based KDB is Korea's largest overseas borrower.
| Issuer: | Korea Development Bank
|
| Amount: | €500 million
|
| Maturity: | March 9, 2011
|
| Issue: | Floating-rate notes
|
| Coupon: | Three-month Euribor plus 20 basis points
|
| Issue price: | Par
|
| Yield: | Three-month Euribor plus 20 basis points
|
| Pricing date: | March 2
|
| Settlement date: | March 9
|
| Lead managers: | ABN Amro, Barclays Capital, Citigroup
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Fitch: A+
|
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