Saneun Successfully Issues 750 Million Euro Euro-Denominated Public Bonds

Photo by Moon Honam, KDB Industrial Bank archive photo / Moon Honam reporter munonam@

On the 16th, the Korea Development Bank announced on the 17th that it had issued euro-denominated bonds worth a total of 750 million euros to investors in the European region. These bonds were issued in the form of fixed-rate bonds with a 5-year maturity.

This issuance marks the first senior euro-denominated public bond issuance by a Korean entity this year. As a leading policy financial institution, the Korea Development Bank fully played its role in establishing a new euro benchmark and providing favorable interest rate guidelines ahead of other Korean institutions, the bank explained.

The Korea Development Bank stated, "Despite concerns over increased financial market volatility due to delays in national debt ceiling negotiations, we reaffirmed the high interest and trust of global investors," adding, "The scarcity value of euro-denominated bonds issued by a Korean policy financial institution with high international credit ratings and sufficient demand for safe asset investments ensured a successful issuance."

Furthermore, the Korea Development Bank attracted investments totaling 1.1 billion euros, which is more than 1.5 times the issuance amount, from 51 institutions worldwide, including ultra-high-quality investors such as international organizations and European central banks. Through this, the bank has solidified its position as an SSA (Sovereigns, Supranationals & Agencies, including central banks, international organizations, and policy financial institutions) issuer within the European market.

A representative of the Korea Development Bank stated, "As a leading policy financial institution, we plan to continuously strengthen the perception of Korean bonds as safe assets and take the lead in creating a favorable issuance environment for Korean institutions."

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