Street Calls of the Week
SEOUL - The Korea Development Bank (KDB) has successfully completed its offering of €1.25 billion fixed rate notes due September 4, 2028, according to a post-stabilization announcement released Thursday.
The notes carry a coupon rate of 2.375% and were priced at 99.991. No stabilization activities were undertaken by the appointed stabilization managers in relation to the securities offering.
J.P. Morgan Securities PLC served as the stabilization coordinator for the transaction, while Credit Agricole CIB, HSBC, KB Securities, and Natixis acted as stabilization managers.
The notes will be listed on multiple exchanges, including the Euro MTF of the Luxembourg Stock Exchange, the International Securities Market (ISM) of the London Stock Exchange, and the Singapore Exchange Securities Trading Limited (SGX-ST).
This fixed rate notes offering represents part of KDB’s ongoing funding activities. The Korea Development Bank, a state-owned policy bank, plays a significant role in supporting South Korea’s economic development and industrial growth.
The announcement was made through the news service of the London Stock Exchange, as stated in the press release.
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