Asian loan market applauds as KDB bags $200m loan
Korea Development Bank hit its $200m loan target this week showing that there is strong appetite for South Korean foreign institutional debt within the bank market especially at a fair price. The loan was oversubscribed and bookrunners — Calyon, Commerzbank, Mizuho and Natixis —were scaled back from their original $30m take and holds and committed $27.5m each on the one year piece.
The triumphant loan is split into a $175m one year and a $25m two year deal, which offers all-in margins of up to 390bp and 440bp respectively.
Senior lead arrangers Citic Ka Wah and Standard Chartered committed $20m each on the first year.
Royal Bank of Canada pledged
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