By Reshmi Basu
New York, April 20 - Industrial Bank of Korea sold an upsized offering of $500 million in five-year floating-rate notes (A3/A-/A+) at par to yield three-month Libor plus 27 basis points, according to a market source.
The deal was increased from $400 million.
ABN Amro, Barclays Capital and JP Morgan were the joint bookrunners for the Regulation S transaction.
Industrial Bank of Korea is a Korean bank that has a policy focus.
| Issuer: | Industrial Bank of Korea
|
| Amount: | $500 million
|
| Issue: | Floating-rate notes
|
| Maturity: | April 27, 2011
|
| Coupon: | Three-month Libor plus 27 basis points
|
| Issue price: | Par
|
| Yield: | Three-month Libor plus 27 basis points
|
| Pricing date: | April 20
|
| Settlement date: | April 27
|
| Bookrunners: | ABN Amro, Barclays Capital, JP Morgan
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A+
|
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