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Published on 8/20/2021 in the Prospect News Emerging Markets Daily.

New Issue: Industrial Bank of Korea issues $21 million 1.2% five-year notes

By William Gullotti

Buffalo, N.Y., Aug. 20 – Industrial Bank of Korea issued $21 million of 1.2% fixed-rate notes due July 12, 2026, according to a notice Friday.

Mizuho Securities Asia Ltd. is the lead manager and bookrunner for the offering.

The notes, issued July 12, are expected to be listed on the Singapore Exchange on Aug. 23.

The industrial bank is based in Seoul, South Korea.

Issuer:Industrial Bank of Korea
Issue:Fixed-rate notes
Amount:$21 million
Maturity:July 12, 2026
Bookrunners:Mizuho Securities Asia Ltd.
Coupon:1.2%
Issue date:July 12
Listing date:Aug. 23

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