Korea Development Bank plans fixed- and floating-rate dollar bonds in three tranches

By Rebecca Melvin

New York, Sept. 12 – Korea Development Bank is planning to issue fixed- and floating-rate tranches of dollar-denominated notes, according to a company filing.

There will be two tranches of floating-rate notes, including five-year notes and notes for which the maturity has not yet been set.

Goldman Sachs International, KDB Asia, Mirae Asset Daewoo, Mizuho Securities, Morgan Stanley, Societe Generale CIB and UBS are the joint bookrunners and lead managers for the Securities and Exchange Commission-registered deal.

The proceeds will be used for repayment of maturing debt and other obligations.

The lender is based in Seoul, South Korea.

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