New bond issue: Korea Development Bank issued international bonds with a 2.75% coupon for USD 350.0m maturing in 2023

September 13, 2017 - Cbonds

 

September 12, 2017 Korea Development Bank issued international bonds with a 2.75% for USD 350.0m maturing in 2023. Bonds were sold at a price of 99.975% with an initial yield of 2.77%. Bookrunner: Goldman Sachs, Korea Development Bank, Mirae Asset Global Investment, Mizuho Financial Group, Morgan Stanley, Societe Generale, UBS
Depository: DTCC.
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Issuer, issue numberKorea Development Bank, 2.75% 19mar2023, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount350,000,000
ISINUS500630CS52
End of placement09/12/2017
Initial issue price99.975
Yield at pricing2.77
Coupon2.75%
Coupon frequency2 time(s) per year
Settlement date09/19/2017
Maturity date03/19/2023
Issue ManagersBookrunner: Goldman Sachs, Korea Development Bank, Mirae Asset Global Investment, Mizuho Financial Group, Morgan Stanley, Societe Generale, UBS Depository: DTCC
Trading floorSGX
Issuer: Korea Development Bank
Issuer profile:
Founded in 1954, KDB has fulfilled its role as a state-owned bank by spearheading the nation’s industrial and economic development for over five decades. The Bank has driven remarkable growth throug... more
Outstanding issues:
45 issuesUSD11,788,000,000
5 issuesEUR954,290,000
2 issuesCHF430,000,000
1 issuesGBP250,000,000
3 issuesJPY46,300,000,000
2 issuesSGD400,000,000
2 issuesSEK800,000,000
2 issuesNOK700,000,000
1 issuesBRL545,800,000
5 issuesAUD825,000,000
10 issuesHKD3,461,000,000
1 issuesINR1,282,200,000
12 issuesCNY5,954,000,000
661 issuesKRW78,215,564,570,000
2 issuesNZD200,000,000
Issuer rating:
Moody's Investors ServiceAa2/StableLT- foreign currency06/21/2016
Moody's Investors ServiceAa2/StableLT- local currency06/21/2016
S&P Global RatingsAA/StableForeign Currency LT08/08/2016
Fitch RatingsAA-/StableLT Int. Scale (foreign curr.)07/04/2017
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countries
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