|
Issuer |
Pusan Bank |
|||
|
Rating of the bond |
A3 (Moody's), BBB (Fitch) |
|||
|
Format |
Subordinated notes, lower tier-2 Reg-S |
|||
|
Size |
$250 million |
|||
|
Tenor |
10 non-call five |
|||
|
Yield |
6.048% |
|||
|
Price |
99.796 |
|||
|
Spread |
140bp over mid-swaps (guidance 140bp over mid-swaps area) |
|||
|
Coupon |
6% semi-annual. Fixed-to-fixed, step-up coupon on first call date: 100bps + initial UST spread + prevailing CT5 |
|||
|
Settlement date |
October 30, 2007 |
|||
|
Maturity date |
October 30, 2017, non-call October 30, 2012 |
|||
|
First coupon date |
April 30, 2008 |
|||
|
Investor-type split |
Banks:50% |
Funds: 45% |
Other: 5% |
|
|
Geographic split |
Sing: 50% |
HK: 20% |
Korea: 15% |
Europe: 15% |
|
Number of investors |
35 |
|||
|
Final book |
$400 million |
|||
|
Bookrunners |
Citi, Korea Development Bank, UBS |
¬ Haymarket Media Limited. All rights reserved.
