IBK prices tight benchmark

The Industrial Bank of Korea closes the gap with the Korean Development Bank.
September 18, 2002

An increased $500 million Reg S Eurobond was priced last night (Wednesday) by joint leads Credit Suisse First Boston, Goldman Sachs and Salomon Smith Barney. Priced at 99.955%, the three-year deal carries a semi-annual coupon of 3.5%, to yield 3.516% or 151.5bp over Treasuries.

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