KDB Issues $750 mln in Bonds Overseas

By Park Sae-jin Posted : March 3, 2011, 12:44 Updated : March 3, 2011, 12:44
Korea Development Bank (KDB) said Thursday that it has raised $750 million by issuing bonds to global investors in order to repay maturing debts, Yonhap News Agency reported.


The U.S. dollar-denominated bonds sold to Asian, European and U.S. investors will due in five and a half years and carry an interest rate of 4.1 percent, or 1.95 percent more than yields on the five-year U.S. treasury.

BoA Merrill Lynch, HSBC, RBS, Standard Chartered, USB and KDB Asia arranged the bond sale. The proceeds from the issuance will be spent to repay maturing debts and extend foreign-currency loans, the policy lender said, Yonhap added.

(아주경제 송지영 기자)
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