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Korea Development Bank issues A$400M of kangaroo bonds

Korea Development Bank issued A$400 million of kangaroo bonds.

The bank said Oct. 15 that the five-year bonds were priced at 98 basis points above the Bank Bill Swap Rate. They were issued Oct. 12.

The issuance attracted A$1.2 billion worth of buy orders from 43 participating institutional investors. It marked the South Korean policy bank's first return to the Australian bond market since November 2015.