Korea's Industrial Bank opts to redeem 5¾% notes due 2015 on Jan. 15

By Devika Patel

Knoxville, Tenn., Jan. 6 - Industrial Bank of Korea said it will redeem its $172.93 million in outstanding 5¾% subordinated notes due 2015 at par plus interest to Jan. 15, the redemption date.

The company originally issued $200 million of the notes under its $4 billion global medium-term note program.

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

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