KDB issues $900 million of SEC-registered notes

Despite the summer lull, Korea Development Bank prints well inside its existing curve, prompting a tightening of Korean policy bank sector bonds by 5bp to 10bp.

Korea Development Bank, or KDB, has returned to the debt markets only a week after selling SFr200 million ($194 million) of Swiss franc-denominated four-year bonds to Switzerland-based investors. This time it was relying on its home base of Asian accounts to pull a $900 million five-and-a-half year deal over the line.

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