By Marisa Wong and Cristal Cody
Los Angeles, Oct. 18 – KEB Hana Bank sold $500 million of 5¾% five-year social notes (Aa3/A+) on Tuesday at Treasuries plus 100 basis points, according to a market source.
Initial price talk was in the Treasuries plus 125 bps area.
Citi, Credit Agricole CIB, HSBC, JPMorgan and Standard Chartered Bank were the bookrunners.
The bank is based in Seoul, South Korea.
| Issuer: | KEB Hana Bank
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| Amount: | $500 million
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| Issue: | Social notes
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| Maturity: | Oct. 24, 2028
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| Bookrunners: | Citi, Credit Agricole CIB, HSBC, JPMorgan and Standard Chartered Bank
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| Coupon: | 5¾%
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| Spread: | Treasuries plus 100 bps
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| Pricing date: | Oct. 17
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| Ratings: | Moody’s: Aa3
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| S&P: A+
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| Initial price talk: | Treasuries plus 125 bps area
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