Korea Development Bank talks €500 million five-year notes at mid-swaps plus 40 bps-43 bps

By Paul A. Harris

Portland, Ore., July 10 – Korea Development Bank talked €500 million of five-year senior notes (expected ratings Aa2/AA/AA-) at mid-swaps plus 40 basis points to 43 bps, according to a market source.

Final talk comes tight to initial spread talk in the mid-swaps plus low 50 bps area.

The deal was playing to €975 million of orders when talk circulated and is set to price on Tuesday, the source added.

Joint bookrunner HSBC will bill and deliver for the Regulation S offering. BNP Paribas, Deutsche Bank, ING and SG CIB are also joint bookrunners.

The prospective issuer is a Seoul, South Korea-based commercial lender.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.