Global co-ordinator Credit Suisse First Boston and joint bookrunners Barclays, HSBC and JPMorgan priced an Eu500 million five year issue for the Korea Development Bank KDB yesterday Thursday.
Pricing came inside guidance and the deal was completed at an issue price of 99.791% on a coupon of 4.375% to yield 4.4225% or 52bp over euribor. It had been marketed on a 65bp to 75bp range, itself a much tighter level than the 90bp to 95bp indicative range of late July when the bank last tried to bring the deal to market.
On a like for like basis, the euro deal priced only a couple of basis points wide of...
