KDB uses Covid label to raise $1bn

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By Morgan Davis
20 Oct 2020

Korea Development Bank took $1bn from a dual tranche transaction on Monday, using a social label for one portion of the bond to attract a new group of investors.

KDB last publicly sold a $1bn 1.25% 2025 bond in May, after having previously sold a $1.5bn dual tranche deal in February and a $500m floating rate note in April. The issuer has also sold privately placed dollar bonds throughout the year.

While a frequent ...

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