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Korea Development Bank issues US$1B of global bonds

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Korea Development Bank issues US$1B of global bonds

Korea Development Bank issued US$1 billion of global bonds on Sept. 23, The Digital Times reported, citing the policy bank.

The dual-tranche offering comprised US$500 million of three-year floating-rate bonds with a coupon of 47.5 basis points above the three-month LIBOR and US$500 million of fixed-rate bonds with a coupon of 60 basis points above the 5-year U.S. Treasury rate.