KDBÆs $400 million loan closed successfully

The lowest pricing for the bank since the Asian financial crisis.

The mandated lead arrangers for the Korea Development Bank's KDB $400 million three-tranche term loan have successfully closed the deal, with some tranches proving more popular than others. ABN AMRO, Barclays Capital, Deutsche Bank and Tokyo-Mitsubishi International managed to scale down their committed amounts by bringing in 10 other banks on the transaction.

The deal marks the lowest pricing for KDB since the Asian financial crisis. Bankers close to the deal argue that it has received a better-than-expected reception...

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