Standard Chartered First Bank Korea gets tenders for $185.3 million 5¾% notes, $74 million 6¼% notes

By Jennifer Chiou

New York, March 23 - Standard Chartered First Bank Korea Ltd. said it accepted tenders from holders of $185.305 million of its $375 million of 5¾% upper tier II subordinated notes due 2013 and $74.09 million of its $200 million of 6¼% lower tier II subordinated notes due 2013.

The notes were issued under Korea First Bank, its previous name.

The company canceled the repurchased notes, adding that $189,695,000 of 5¾% notes remains outstanding and $125.91 million of 6¼% notes remains outstanding.

Standard Chartered First Bank Korea announced the offers on March 6.

Deutsche Bank AG, London is the principal tender agent (44 20 7547 5000) and Deutsche Bank AG, Singapore is the tender agent (65 6423 6802/6423 6249). The dealer managers are Lehman Brothers, Standard Chartered Bank and UBS Ltd.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.