Industrial Bank of Korea revises talk for $500 million five-year notes to Libor plus 33-35 bps

By Paul A. Harris and Reshmi Basu

St. Louis, Sept. 13 - Industrial Bank of Korea inwardly revised talk on a $500 million offering of five-year floating-rate notes (A3/A-) to Libor plus 33 to 35 basis points from 34 to 37 bps, according to market sources.

The issue is expected to price on Wednesday during morning hours in London.

Credit Suisse First Boston, HSBC and Morgan Stanley are the bookrunners.

Industrial Bank of Korea, which is based in Seoul, is a commercial bank that provides financing for small- to medium-sized enterprises.

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