Published on 6/22/2020 in the Prospect News Emerging Markets Daily.
New Issue: Industrial Bank of Korea issues $500 million 1.04% five-year notes
By Marisa Wong
Los Angeles, June 22 – Industrial Bank of Korea issued $500 million of 1.04% notes due 2025 on Monday, according to a notice.
Citigroup Global Markets Inc., IBK Securities Co., Ltd, Credit Agricole CIB, Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities plc, Merrill Lynch International and Societe Generale are bookrunners for the Regulation S and Rule 144A offering.
The industrial bank is based in Seoul, South Korea.
| Issuer: | Industrial Bank of Korea
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| Issue: | Notes
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| Amount: | $500 million
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| Maturity: | June 22, 2025
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| Bookrunners: | Citigroup Global Markets Inc., IBK Securities Co., Ltd, Credit Agricole Corporate and Investment Bank, Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities plc, Merrill Lynch International and Societe Generale
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| Coupon: | 1.04%
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| Settlement date: | June 22
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| Distribution: | Regulation S and Rule 144A
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