Suhyup Bank prices $300 million FRN at guidance
The issue marks the first international debt offering for South Korea's National Federation of Fisheries Cooperative.
Suhyup Bank, a unit of South KoreaÆs National Federation of Fisheries Cooperative NFFC, priced a five-year $300 million senior Reg-S FRN on Tuesday at 25bp over three-month dollar Libor. The price is in line with guidance.
The issue, led by Deutsche Bank and Standard Chartered Bank and rated A- stableA3 positive, marked the NFFCÆs first international public debt offering. The book closed at $435 million, with bonds allocated to 37 accounts. The trade followed a roadshow that...
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