Korea Development Bank S$200 million 2.05% notes issue

Overview:

• Korea Development Bank has issued S$200 million in senior notes.
• The 2.05% notes are due 2018 and are part of its $15 billion Global Medium Term Note (GMTN) Programme.
• Managers of the deal were the Australia and New Zealand Banking Group and Standard Chartered Bank.
• The issuance of Singapore Dollar denominated notes was a milestone for Korean issuers in that it was the first time that notes were issued in Singapore currency in Singapore’s onshore market. 

Katrin Kostadinova - Data analyst