Korea Development Bank is selling up to $7.85 billion debt securities, warrants to purchase debt securities, and guarantees, from time to time, according to a post-effective amendment to a registration statement filed with the U.S. Securities and Exchange Commission on June 8.
The bank has already sold $300 million floating rate notes due 2022, $500 million floating rate notes due 2020, $150 million floating rate notes due 2022, $350 million 2.750% notes due 2023, $500 million floating rate notes due 2021, and $500 million 3.375% notes due 2023.
Approximately $5.55 billion aggregate amount of securities remain unsold.
The bank intends to use net proceeds from the sale of securities for general operations.
