KDB readies new FRN in euros

Korean quasi-sovereign set to go head to head with rival Kexim, with plans for new Ç500 million five-year offering.

Barclays Capital, Citigroup and ABN AMRO are expected to price a new Ç500 million five-year FRN for Korea Development Bank KDB later this week.

Officials for the AAA3 Fitch rated quasi-sovereign are in London this week, keeping an eye on market conditions as they prepare to price the deal, which is expected either Wednesday or Thursday.

The group is not conducting deal specific roadshows this time round. Instead it met potential investors during a series of comprehensive non-deal...

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