KDB squeezes curve with euro green debut

Korea Development Bank (KDB) tapped the green investor base in Europe for its latest euro bond, achieving a record low funding cost and an unprecedented 0% coupon for a South Korean issuer.

  • By Addison Gong
  • 03 Jul 2019

KDB priced a €500m five year green deal at 28bp over mid-swaps, or at a cash price of 99.905 to yield 0.019%, on Tuesday. The bond has a 0% coupon, making it a first for a euro-denominated Korean deal in the public market.

Although the Republic ...

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