Korea Development Bank Issues $1.5 Billion Global Bonds

[Asia Economy Reporter Buaeri] KDB Industrial Bank announced on the 17th that it has issued a global bond worth 1.5 billion dollars (approximately 1.7962 trillion KRW).

The bond was issued as a fixed-rate bond consisting of 1 billion dollars with a 3-year maturity and 500 million dollars with a 5-year maturity.

The 3-year bond has an issuance rate of 2.127%, and the 5-year bond has a rate of 2.359%.

Despite the Russia-Ukraine conflict and the increasing volatility in the international financial markets, the bank explained that it reaffirmed the high interest and trust of global investors.

According to the bank, investor orders amounted to about 1.7 times the issuance amount. By region, investors were distributed as 40% Europe, Middle East, and others, 32% United States, and 28% Asia. By investor type, central banks, international organizations, and policy financial institutions accounted for 52%, asset management companies 20%, and banks and others 28%.

The bank stated, "Despite the cooled investment sentiment in the overseas bond issuance market, the bonds were issued at the level of market yield without a new issuance premium (NIP)," adding, "As a representative policy financial institution, we will strive to create a favorable issuance environment for Korean institutions."

This content was produced with the assistance of AI translation services.