Korea Exchange Bank to start roadshow Wednesday for $300 million 10-year notes

By Paul A. Harris

St. Louis, April 12 - Korea Exchange Bank will start a roadshow Wednesday in Tokyo for its $300 million offering of 10-year lower-tier 2 subordinated notes (Baa3/BB+/BB+), according to a market source.

The roadshow moves to Hong Kong on Thursday, to Singapore on Friday and will travel Europe and the United States next week.

The notes will be non-callable for five years.

Citigroup and HSBC are the bookrunners.

Proceeds will be used to refinance debt.

The South Korean lending institution is based in Seoul.

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