Published on 9/26/2012 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Industrial Bank of Korea prices $300 million 1 3/8% notes due 2015 at 115 bps spread
By Christine Van Dusen
Atlanta, Sept. 26 - Industrial Bank of Korea priced $300 million 1 3/8% notes due Oct. 5, 2015 (Aa3/A/) at 99.649 to yield 1.495%, or Treasuries plus 115 basis points, a market source said.
Deutsche Bank and Standard Chartered were the bookrunners for the Rule 144A and Regulation S deal.
Industrial Bank of Korea is based in Seoul, South Korea.
| Issuer: | Industrial Bank of Korea
|
| Amount: | $300 million
|
| Maturity: | Oct. 5, 2015
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, Standard Chartered
|
| Coupon: | 1 3/8%
|
| Price: | 99.649
|
| Yield: | 1.495%
|
| Spread: | Treasuries plus 115 bps
|
| Trade date: | Sept. 26
|
| Settlement date: | Oct. 5
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A
|
| Distribution: | Rule 144A and Regulation S
|
© 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.
