IBK launches rare US$ floater

Right structure allows IBK to compete with KDB and Kexim.

In the second deal to come from a Korean policy bank in less than a week, Industrial Bank of Korea IBK priced a rare floating rate note deal that was more than four times oversubscribed on Wednesday September 14. The A3A-A rated deal, led by CSFB, HSBC and Morgan Stanley was a $500 million reg S transaction with a five-year maturity.

Initially marketed to investors on Monday at 34bp to 37bp...

To continue reading, please login or register for free

Click for more on: ibk | launches | rare | us | floater

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...