KDB returns to Kangaroo market

18 November 2015

 

While Australian banks seem to be busy tapping the USD market, Korea Development Bank announced it will be returning to the Kangaroo market after an eighteen month absence to issue a new senior unsecured bond. The bank’s previous issue in this market was a $400 million dual tranche deal comprising fixed and floating 5.5 year notes.  Priced at Swap/BBSW + 110bps, the 2014 issue was arranged by ANZ, NAB and...

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