Korea Development Bank to issue fixed-, floating-rate dollar notes

By Sarah Lizee

Olympia, Wash., Sept. 23 – Korea Development Bank is planning to issue two tranches of fixed- and floating-rate dollar-denominated notes, according to a 424B5 filing with the Securities and Exchange Commission.

Interest for the floating-rate notes will be equal to Libor plus a spread.

BofA Securities Inc., Credit Suisse (Hong Kong) Ltd., Hongkong and Shanghai Banking Corp. Ltd., KDB Asia Ltd., Mizuho Securities USA LLC and Standard Chartered Bank are joint bookrunners and lead managers.

Proceeds will be used for general operations.

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

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