KDB prices A$400 million in dual-tranche 5.5-year Kangaroo return [UPDATED]
- Friday, 16 May 2014
Korea Development Bank (KDB) (Aa3/AA-) priced a new 5.5-year dual-tranche Australian dollar transaction on May 16. According to KangaNews data, the borrower's last visit to the Kangaroo market was in November 2012, when it issued a A$300 million (US$280.9 million) three-year deal with pricing of 115 basis points over bank bill swap rate.
