KDB launches three-year senior-unsecured Kangaroo transaction

On 18 August, Korea Development Bank (KDB) (AA/Aa2/AA-) launched a new Kangaroo, three-year, senior-unsecured, benchmark transaction, offered in either or both fixed and floating-rate note formats. The forthcoming deal, which is expected to price on the day of launch, is being marketed at 68 basis points area over swap benchmarks. ANZ, KDB Asia, MUFG Securities and National Australia Bank are leading.