KDB mandates three

The Korea Development Bank (KDB) mandates three banks for a three tranche global bond.

Korea's sometime proxy sovereign borrower is believed to have mandated Barclays Capital, Credit Suisse First Boston and JPMorgan for a $1.05 billion global bond yesterday (Thursday). The three won the deal after banks were asked to submit hard underwritten pitches last Wednesday for a $300 million short-dated tranche, $500 million five-year tranche and $250 million 10-year tranche.

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