KFB scores first upper tier 2 deal

The Newbridge controlled bank braves US spy planes and the postponement of a sovereign issue to price its debut international sub debt issue.

Jackie Horne

March 05, 2003

A slightly scaled back $375 million 10 non call five upper tier 2 deal for Korea First Bank (KFB) was priced last night (Wednesday) by joint leads Lehman and UBS Warburg. The March 2013 transaction callable in 2008 was priced at 98.858% on a coupon of 5.75% to yield 5.785% or 320bp over Treasuries. Fees total 75bp.

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