Korea Development Bank (KDB) (KDB) 2021-4

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD700.0003.25Jan-25Sr. UnsecuredAa2AAAA-FixedTsyT+40 aT+15150.75%-99.55600
USD500.0005.5Apr-27Sr. UnsecuredAa2AAAA-FixedTsyT+55 aT+30-35301.38%-99.47400
USD300.00010Oct-31Sr. UnsecuredAa2AAAA-FixedTsyT+70 aT+45-50452.00%-99.53200
Tranche Comments
3.25 yr: Book size: 1200; First Pay: 2022-04-25; Registration: Registered; Comments: USD700m 3.25yr fxd. bmk, snr unsec, green SEC Registered. With 5.5y/10y. Aa2/AA/AA-. Citi/CA-CIB/HSBC/KDB/Mirae/Miz/StCh. IPG T+40 area. FPG T+15 (the #). Launch 700m. Combined bks last >3.4bn. Allocs out, TBP today. Distribution: Asia - 42% EMEA - 26% US - 32% /CB/SSA/PF - 63% AM/FM - 24% Banks - 11% PB/Others – 2%; 5.5 yr: Book size: 880; First Pay: 2022-04-25; Registration: Registered; Comments: USD500m 5.5yr fxd. bmk, snr unsec SEC Registered. With 3.25y green / 10yr. Aa2/AA/AA-. Citi/CA-CIB/HSBC/KDB/Mirae/Miz/StCh. T+55 area, FPG T+30/+35 WPIR, launch 500m at T+30. Combined bks last >3.4bn. Allocs out, TBP today. Distribution: Asia - 80% EMEA - 13% US - 7% / CB/SSA/PF - 30% AM/FM - 33% Banks - 37%; 10 yr: Book size: 800; First Pay: 2021-04-25; Registration: Registered; Comments: USD300m 10yr fxd. bmk, snr unsec SEC Registered. With 5.5y/3.25y green. Aa2/AA/AA-. Citi(B&D)/CA-CIB/HSBC/KDB/Mirae/Miz/StCh. T+70bp area, FPG T+45/+50 WPIR, launch 300m at T+45. Combined bks last >3.4bn. Allocs out, TBP today. Distribution: Asia - 59% EMEA - 21% US - 20% / CB/Ins/PF - 15% AM/FM - 46% Banks - 39%;
Deal Comments
Green Bond (3.25yr)
Use of Proceeds
Repay debt