• Thu
  • Dec 25, 2014
  • Updated: 8:13am

Korea Development Bank

No takers for Korea bank's US$2b bond

State-owned Korea Development Bank's (KDB) planned US$2 billion global bond has been shelved amid the country's financial crisis despite the lead manager increasing both the tenor and spread to lure investors.

Friday, 12 December, 1997, 12:00am

No takers for Korea bank's US$2b bond

State-owned Korea Development Bank's (KDB) planned US$2 billion global bond has been shelved amid the country's financial crisis despite the lead manager increasing both the tenor and spread to lure investors.

With KDB required to repay $500 million in short-term debt later this month, leading bankers were last night questioning where the money would come from.

12 Dec 1997 - 12:00am

KDB bond sale draws disbelief

State-owned Korea Development Bank (KDB) is planning to issue a bond, which has been described by many in the market as 'madness'.

Despite being rated investment grade, KDB will be forced to pay junk-bond yields to attract buyers.

10 Dec 1997 - 12:00am

KDB to launch another bond

KOREA Development Bank (KDB) plans to follow up its US$500 million global bond with a second US-dollar global bond, the bank said.

The offering, jointly lead-managed by CS First Boston and Salomon Brothers, would be launched within a few weeks, the company said.

10 Jan 1995 - 12:00am