Arab Today, arab today south korea\s staterun lender raises 1bn via dollar bonds
Last Updated : GMT 13:27:38
Arab Today, arab today
Arab Today, arab today

South Korea\'s state-run lender raises $1bn via dollar bonds

Arab Today, arab today

Arab Today, arab today South Korea\'s state-run lender raises $1bn via dollar bonds

Seoul - XINHUA

South Korea\'s state-run policy lender Korea Development Bank (KDB) said Wednesday that it has raised 1 billion U.S. dollars through dual-tranche dollar bond issuance amid strong demand from the Middle Eastern investors. The fixed-rate bonds were issued in two tranches that mature in three and five years in a bid to meet demand for various maturities and ease risks of maturity concentration, according to an e-mailed statement. The three-year bond was floated with an yield of 80 basis points (bps) above the corresponding U.S. Treasury bond yield. The five-year bond carried an yield of 97.5 bps above the similar- maturity U.S. Treasury bond yield, marking the first two-digit level since the global financial crisis. The two tranches were sold worth 500 million dollars each. The successful bond sales were attributed to solid demand from the Mid-East investors, whose bid for the bonds amounted to 300 million dollars, the KDB said, adding that global key investors such as PIMCO and Bank of China also joined the bidding. Helped by strong interest from global investors, the coupon rates neared to the record-low level, the KDB said. The coupon rates for the three- and five-year bonds were set at 1 percent and 1.5 percent respectively. Global rating appraiser Standard & Poor\'s assigned\'A\' rating on the dollar bond, just one grade lower than the sovereign rating of South Korea. S&P said the KDB intended to use the bond proceeds for the bank\'s general operations, including extending foreign currency loans and repaying maturing debt and other obligations. Join bookrunners for the sale include Barclays, Bank of America- Merrill Lynch, Daiwa, Goldman Sachs, HSBC, UBS and KDB Asia.

arabstoday
arabstoday

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea\s staterun lender raises 1bn via dollar bonds Arab Today, arab today south korea\s staterun lender raises 1bn via dollar bonds

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea\s staterun lender raises 1bn via dollar bonds Arab Today, arab today south korea\s staterun lender raises 1bn via dollar bonds

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
Arab Today, arab today Sally Shaheen considers hosting a political show

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday