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Industrial Bank of Korea launches $600 million notes due in 2020 at 75 bps over Treasuries
By Christine Van Dusen
Atlanta, April 16 – Industrial Bank of Korea launched a $600 million offering of notes due in 2020 (expected ratings: Aa3/A+/AA-) at Treasuries plus 75 basis points, a market source said.
The notes were talked at a spread of 75 bps to 80 bps.
BofA Merrill Lynch, Citigroup, Commerzbank, Deutsche Bank, HSBC, Mizuho Securities and IBK Securities are the bookrunners for the Rule 144A and Regulation S deal.
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