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Industrial Bank of Korea issues US$600M of bonds

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Industrial Bank of Korea issues US$600M of bonds

Industrial Bank of Korea issued US$600 million of bonds globally, Yonhap News Agency reported Oct. 17.

The dual-tranche offering comprises three-year floating-rate bonds priced with a coupon of 45 basis points above three-month LIBOR and five-year fixed-rate bonds with a coupon of 2.171%.