Published on 7/8/2010 in the Prospect News Emerging Markets Daily.
New Issue: Korea Exchange Bank sells $500 million 4 7/8% notes due 2016 at Treasuries plus 325 bps
By Christine Van Dusen
Atlanta, July 8 - Korea Exchange Bank priced $500 million 4 7/8% notes (A2) due Jan. 14, 2016 at 99.32 to yield Treasuries plus 325 basis points, a market source said.
Bank of America Merrill Lynch, Citi, HSBC and Morgan Stanley were the bookrunners for the Regulation S-only deal.
Korea Exchange Bank is a lender based in Seoul.
| Issuer: | Korea Exchange Bank
|
| Amount: | $500 million
|
| Maturity: | Jan. 14, 2016
|
| Description: | Senior unsecured fixed-rate notes
|
| Bookrunners: | Bank of America Merrill Lynch, Citi, HSBC, Morgan Stanley
|
| Coupon: | 4 7/8%
|
| Price: | 99.32
|
| Spread: | Treasuries plus 325 bps
|
| Trade date: | July 7
|
| Rating: | Moody's: A2
|
| Distribution: | Regulation S only
|
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