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.

  • 15 Apr 2009

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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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Wells Fargo Securities 11,897.40 33 11.83%
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3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%