KDB opens dollar bond market for Korea

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By Morgan Davis
08 Apr 2020

Korea Development Bank raised $500m in a floating rate bond on Tuesday, opening the international debt market for other South Korean issuers.

Sole lead manager and bookrunner Standard Chartered began marketing the three year floating rate note at the 180bp over three month Libor area on Tuesday morning local time. The issuer indicated that it was looking to raise at least $300m from the trade, said a source with knowledge ...

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