KDB sets benchmark through loan deal

Lead arrangers ABN AMRO, Barclays Capital, Deutsche Bank and Tokyo-Mitsubishi International have launched a $400 million term loan and FRN facility for Korea Development Bank into general syndication, which is scheduled to close on September 11. The deal comprises of three tranches structured as a $200 million one-year (Tranche A), a $100 million two-year (Tranche B) and a $100 million three-year (Tranche C) transaction.