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Korea Development Bank files for $7.85B debt offering

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.