Korea Development Bank eyes jumbo dollar issue

KDB is looking at the global bond markets in 2001.

Korea Development Bank KDB officials have told FinanceAsia that the policy bank is interested in returning to the global bond markets in size next year, hoping to complete a $1 billion dollar-denominated offering in the first half. It would mark a return to large-sized dollar deals for KDB, which this year has limited itself to euro-denominated bonds and syndicated loans. Maturities remain in debate at the bank.

KDB is one of those few Asian credits that, if the markets are not too choppy, can get what it wants. Its rated Baa2BBB alongside the sovereign and, while if judged in a vacuum, its balance sheet resembles a well-used nuclear test site,...

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