Industrial Bank of Korea guides benchmark five-year dollar notes at 75 bps-80 bps over Treasuries

By Christine Van Dusen

Atlanta, April 16 – Industrial Bank of Korea set talk at Treasuries plus 75 basis points to 80 bps for a dollar-denominated offering of benchmark-sized notes due in five years (expected ratings: Aa3/A+/AA-), a market source said.

BofA Merrill Lynch, Citigroup, Commerzbank, Deutsche Bank, HSBC, Mizuho Securities and IBK Securities are the bookrunners for the Rule 144A and Regulation S deal.

The notes could price as soon as Thursday.

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