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Prospect News home > News index > List of issuers I > Headlines for Industrial Bank of Korea > News item
Published on 10/31/2007 in the Prospect News Emerging Markets Daily.

Industrial Bank of Korea plans ¥50 billion bond offering in two tranches

By Aaron Hochman-Zimmerman

New York, Oct. 31 - Industrial Bank of Korea announced plans to issue a senior unsecured bond in two tranches (Aa3/A/) for a total of ¥50 billion, according to a market source.

The two-year tranche is expected to be sized at ¥30 billion and the five-year tranche is expected to be ¥20 billion.

JP Morgan, Mizuho Securities and UBS will act as bookrunners for the deal.

The bank is a Seoul-based commercial and retail bank.


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