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Korea Development Bank plans fixed- and floating-rate dollar bonds
By Rebecca Melvin
New York, March 5 – Korea Development Bank is planning to sell fixed- and floating-rate tranches of dollar-denominated notes, according to a company filing.
There will be a total of two tranches of notes.
BofA Merrill Lynch, HSBC, KDB Asia, MUFG, Nomura and UBS are the joint bookrunners and lead managers for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general operations, including extending foreign currency loans and repayment of maturing debt and other obligations.
The lender is based in Seoul, South Korea.
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