Korea Exchange Bank plans to sell $250 million in subordinated bonds in 2005 first half

By Reshmi Basu

New York, March 3 - Korea Exchange Bank plans to sell $250 million in subordinated bonds in the first half of the year, according to a market source.

The proceeds will be used to refinance debt sold in 2000.

The company's 13¾% bonds due 2010 are callable in 2005.

Korea Exchange Bank is based in Seoul.

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