KDB raises $1.5bn from global bonds The lender received strong demand from overseas investors in its first offering in 2020
Translated by Kim So-in 공개 2020-02-12 08:00:00
이 기사는 2020년 02월 12일 08:00 thebell 에 표출된 기사입니다.
Korea Development Bank (KDB) has successfully issued $1.5 billion global bonds (SEC Registered).The state-run lender announced and started marketing its global bond issue in Asian markets on February 10. The offering included dual-tranche with floating rate notes (FRN) with three-year maturity and fixed rate notes (FXD) with five-year maturity.
The initial price guidance was set at 60 basis points over the Libor rate for FRN and 70 basis points over the five-year U.S. Treasury for FXD, respectively.
The lender took orders from investors in Asia, Europe and the U.S. The three-year FRN was priced at a spread of 35 basis points over Libor rate and five-year FXD was priced at 45 basis points over five-year U.S. Treasury, The coupon rate of five-year FXD was set at 1.75 percent with the yield set at 1.815 percent.
The lender sold $750 million of FRN and FXD, respectively. Initially, KDB planned to raise around $1 billion, but increased the amount to $1.5 billion later thanks to strong demand.
The latest issuance marks KDB’s first Korean paper issue in 2020. KDB is one of the major issuers in Korean paper market, which has sold around $3 billion worth Korean paper every year. Last year, the bank sold U.S.-dollar-, euro- and Australian dollar-denominated bonds.
KDB is a quasi-sovereign debt-grade issuer, which has a rating of Aa2 by credit ratings agency Moody’s, AA by Standard and Poor’s (S&P) and AA- by Fitch.
BNP Paribas, Citigroup Global Market Securities, Goldman Sachs, JP Morgan, KDB Asia, UBS acted as joint bookrunners.
(By Pi Hye-rim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- 경남제약 품는 휴마시스, 유통네트워크·진단키트 '시너지'
- [Company Watch]글로벌텍스프리, 프랑스 자회사 '적자 전환'
- [Red & Blue]'주목도 높아지는 폐배터리' 새빗켐, 침묵 깨고 반등
- [HLB '리보세라닙' 미국 진출기]시장 우려 불식 나선 진양곤, 갑자기 마련된 기자회견
- 효성화학 특수가스 사업부, '경영권 지분 매각'으로 선회
- 한양, 만기도래 회사채 '사모채'로 차환한다
- 동인기연, 'GS 출신' 30년 베테랑 전호철 상무 영입 '성장 방점'
- 에스트래픽, 적자 '일시적 현상'... 2분기 수익개선 기대
- [Company Watch]'자회사 회생신청' 투비소프트, 성과 없는 신사업
- '크라우드 펀딩' 와디즈, '테슬라 요건' 상장 추진