Published on 10/23/2013 in the Prospect News Emerging Markets Daily.
New Issue: Industrial Bank of Korea sells €500 million 2% notes due 2018 at 85 bps over mid-swaps
By Christine Van Dusen
Atlanta, Oct. 23 - Industrial Bank of Korea priced a €500 million issue of 2% five-year notes (Aa3/A+/AA-) at 99.779 to yield mid-swaps plus 85 basis points, a market source said.
Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC and Societe Generale were the bookrunners for the deal.
| Issuer: | Industrial Bank of Korea
|
| Amount: | €500 million
|
| Maturity: | Oct. 30, 2018
|
| Description: | Notes
|
| Bookrunners: | Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Societe Generale
|
| Coupon: | 2%
|
| Price: | 99.779
|
| Spread: | Mid-swaps plus 85 bps
|
| Trade date: | Oct. 23
|
| Settlement date: | Oct. 20
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
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