KEB sells $200 million 'Basel II' bond

The issue is expected to be South Korea’s last Basel II-compliant bond as the nation shifts towards adopting Basel III rules in December.
KEB's bond has an initial price guidance of 235bp above Treasuries, according to a source.
KEB's bond has an initial price guidance of 235bp above Treasuries, according to a source.
October 18, 2013

Korea Exchange Bank (KEB) sold a $200 million 10-year Basel II-compliant Tier 2 subordinated note on Thursday as market conditions improved after the 16-day US government shutdown ended.

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