Kookmin brings new FRN to market

Kookmin achieves tightest ever pricing for a Korean commercial bank.

Joint lead managers Bank of America, Barclays Capital and Goldman Sachs priced a new $300 million five-year FRN for Korea's Kookmin Bank on Tuesday night November 28. The deal marks Kookmin's first return to the senior bond markets since June 2003 when it tapped its 4.625% December 2007 bond for $200 million.

Initially marketed to investors at the low to mid 30bp range, guidance was revised to the 30bp level during the roadshows as investor...

To continue reading, please login or register for free

Click for more on: kookmin | brings | frn | market

Print Edition

FinanceAsia Print Edition