By Aleesia Forni
Virginia Beach, June 6 – Korea Exchange Bank sold $500 million of 2.5% notes due 2019 at a spread of Treasuries plus 100 basis points, according to a market source.
The notes priced at 99.404 to yield 2.628%.
The bank held a roadshow in May ahead of the deal.
Mizuho Securities, Credit Agricole, Citigroup Global Markets Inc., HSBC Securities and Korea Exchange Bank were the joint bookrunners.
Korea Exchange Bank is based in Seoul, South Korea.
| Issuer: | Korea Exchange Bank
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | 2019
|
| Bookrunners: | Mizuho Securities, Credit Agricole, Citigroup Global Markets Inc., HSBC Securities, Korea Exchange Bank
|
| Coupon: | 2½%
|
| Price: | 99.404
|
| Yield: | 2.628%
|
| Spread: | Treasuries plus 100 bps
|
| Trade date: | June 5
|
| Ratings: | Standard & Poor's: A-
|
| Distribution: | Rule 144A, Regulation S
|
| Marketing: | Roadshow
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
