Published on 5/24/2012 in the Prospect News Emerging Markets Daily.
New Issue: Industrial Bank of Korea sells CHF 150 million 1¼% notes due 2015 at 110 bps spread
By Christine Van Dusen
Atlanta, May 24 - Industrial Bank of Korea priced a CHF 150 million issue of 1¼% notes due June 19, 2015 (A1/A/A+) at 99.903 to yield 1.283%, or mid-swaps plus 110 basis points, a market source said.
Deutsche Bank and Credit Suisse were the bookrunners for the deal.
Industrial Bank of Korea is based in Seoul, South Korea.
| Issuer: | Industrial Bank of Korea
|
| Amount: | CHF 150 million
|
| Maturity: | June 19, 2015
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, Credit Suisse
|
| Coupon: | 1¼%
|
| Price: | 99.903
|
| Yield: | 1.283%
|
| Spread: | Mid-swaps plus 110 bps
|
| Trade date: | May 22
|
| Settlement date: | June 19
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Fitch: A+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
