IBK mixes fixed, floating for $600m bond return

By Morgan Davis
17 Oct 2019

Industrial Bank of Korea (IBK) raised $600m on Wednesday from a combination of fixed and floating rate notes.

Bookrunners and lead managers Citi, Crédit Agricole, HSBC, Mizuho and Standard Chartered began marketing the three year floating rate tranche at 65bp over three month Libor area and the five year fixed rate portion at 85bp over US Treasuries area.

The 144A/Reg S order book reached ...

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