Korea Exchange Bank to sell dollar-dominated five-year floating-rate issue

By Aaron Hochman-Zimmerman

New York, July 11 - Korea Exchange Bank plans to sell a dollar-dominated five-year floating-rate issue (A2/BBB+), according to a market source.

Calyon, HSBC, Merrill Lynch and Morgan Stanley will act as bookrunners.

The new bonds will be released as part of the bank's $4 billion euro medium-term note program.

The government-owned commercial and investment bank is based in Seoul, South Korea.

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