Industrial Bank of Korea talks benchmark-sized bonds at mid-swaps plus 525 to 550 bps

By Aaron Hochman-Zimmerman

New York, April 15 - Industrial Bank of Korea announced talk of mid-swaps plus 525 basis points to 550 bps for its offering of dollar-denominated benchmark-sized five-year bonds (A2/A/A+), according to a market source.

Barclays, Citigroup, Merrill Lynch and Morgan Stanley are bookrunners for the Rule 144A and Regulation S deal.

The bonds are expected to price on Thursday in New York.

The Industrial Bank of Korea is a Seoul-based retail and commercial bank.

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