IBK returns to the international bond markets

Supply pressures widen the necessary pricing premium to the Korea Development Bank.
November 26, 2002

Lead managers JPMorgan and Merrill Lynch priced a new $350 million Reg S deal for the Industrial Bank of Korea (IBK) yesterday (Tuesday). Pricing of the five-year deal came at 99.362% on a coupon of 4.375% to yield 4.519% or 130bp over Treasuries.

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