New Issue: Korea Exchange Bank sells $350 million 2% notes due 2018 at Treasuries plus 130 bps

By Christine Van Dusen

Atlanta, March 25 - Korea Exchange Bank priced $350 million 2% five-year notes (A2/A-/) at 99.49 to yield 2.108%, or Treasuries plus 130 basis points, a market source said.

The notes were talked at the Treasuries plus 135 bps area.

BofA Merrill Lynch, BNP Paribas, Citigroup, HSBC, KEB Asia Finance and Hana Daetoo Securities were the bookrunners for the Regulation S deal.

Korea Exchange Bank is based in Seoul, South Korea.

Issuer:	Korea Exchange Bank
Amount:	$350 million
Maturity:	April 2, 2018
Description:	Notes
Bookrunners:	BofA Merrill Lynch, BNP Paribas, Citigroup, HSBC, KEB Asia Finance, Hana Daetoo Securities
Coupon:	2%
Price:	99.49
Yield:	2.108%
Spread:	Treasuries plus 130 bps
Trade date:	March 25
Settlement date:	April 2
Ratings:	Moody's: A2
	Standard & Poor's: A-
Distribution:	Regulation S
Price talk:	Treasuries plus 135 bps area

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